Virgin Money and Clydesdale will no longer offer new buy to let mortgages.
Clydesdale new business buy to let products were withdrawn in March, and won’t be re-introduced. Virgin Money new business buy to let products will be withdrawn at 8pm on 28 April 2026.
This means you should now submit any new buy to let lending applications to The Mortgage Works, the buy to let lender of Nationwide.
There are no changes to our residential mortgages. You can continue to work with your Virgin Money and Clydesdale BDM, just like you do today.
What it means for your clients
Your clients with existing Virgin Money or Clydesdale buy to let mortgages don’t need to do anything. We’re committed to providing excellent service to our existing customers, and there’s no change to their mortgage amount, payment dates, interest rates, or Terms.
Product transfers
We’ll continue to offer competitive product transfer products to existing customers when their current deal ends.
New Business Pipeline
We’ll still process pipeline applications for existing customers as normal. However, from 28 April 2026 we’ll no longer be able to process material changes that require a new application, such as change of applicant or change of property.
For any application queries, please speak to your Virgin Money and Clydesdale BDM.
What it means for you
Contact your BDM at The Mortgage Works for all new buy to let cases. They’ll be happy to talk through any new cases. You can find your BDM here Link opens in a new window.
The Mortgage Works’ website Link opens in a new window has information about lending criteria and how to place your business.
If you’re registered with Nationwide, you are also automatically registered with The Mortgage Works. If you’re not already registered, find out how to sign up. Link opens in a new window
DIPs and applications
New Virgin Money and Clydesdale buy to let cases can be submitted until 28 April 2026. Any existing offers will be honoured.
For any referred decisions that are approved, you’ll have 48 hours to convert to a full application.
Product transfer applications
We’ll process any Virgin Money and Clydesdale buy to let product transfer applications for existing customers as usual, so you can continue to work with your Virgin Money and Clydesdale BDM.
About The Mortgage Works
The Mortgage Works has over 30 years of experience supporting landlords across the UK.
Whether your client is starting out with their first buy to let property or has a growing portfolio, they offer a range of mortgages specially designed for landlords.
They have over 700 dedicated and expert team members to support just over 300,000 UK landlords.
Any questions?
Lots of our brokers already work closely with The Mortgage Works, so everything should feel smooth and straightforward. If you do need help, your BDM at The Mortgage Works is the best person to speak to.
The team at Virgin Money and Clydesdale