Virgin Money will extend its Green Reward home loans for existing residential and buy-to-let borrowers, as well as lift fixed-rate products by up to 38 basis points, from 8pm today (2 May).  

The lender says it is lengthening the deadline for these green deals, which offer £250 cashback, if customers take out additional borrowing, or a product transfer with additional borrowing, and then go on to spend at least £2,500 on eligible energy-saving upgrades.  

Its Green Reward registration deadline is now 31 December, while final claims on these deals moves to 31 July next year.  

Virgin Money head of intermediary sales Richard Walker says: “We’ve extended our deadline dates to the end of the year, allowing more customers the chance to register and take part in the scheme.”  

Meanwhile, the business adds that among its core and exclusive ranges:  

• Fixed-rate loans will rise by up to 30bps, starting from 4.09%  
• And BTL fixed-rate offers will lift by up to 30bps, starting from 4.52%  

Among its product transfers, fixed-rate deals will rise by up to 38bps, starting at 3.99%.  

The bank will also launch:  

• A 70% loan-to-value remortgage fixed-rate loan from 4.15%  
• And BTL 50% LTV fixed-rate deals, with a £995 fee from 4.65%