Virgin Money has launched a time-limited promotion that could see UK households receive up to £250 to assist with the costs associated with changing broadband providers. This initiative is specifically designed to offset early exit fees, meaning the credit is applied directly to cover switching expenses rather than being deposited into customers' bank accounts.
How the Offer Works
After signing up for Virgin Money's broadband services, the company will contact customers to guide them through the process of claiming the bill credit. This financial incentive aims to make the transition smoother and more affordable for those looking to switch from their current provider.
Available Broadband Bundles
Customers can choose from three primary packages, each offering different features and pricing:
- M125 Fibre Broadband: Priced at £21.99 per month, this package provides average speeds of 132Mbps.
- Gig1 Fibre Option: For £29.99 monthly, users get speeds of 1130Mbps and Netflix Standard included in the bundle.
- Entertainment Bundle: Costing £31.99 a month, this option includes broadband speeds of 362Mbps, access to over 200 channels, and Netflix.
Urgent Action Required
Potential customers need to act swiftly, as this offer is set to expire on April 1. This promotion comes amid recent changes in Virgin Money's mortgage rates, which have seen increases across various products over the past month.
Specifically, Virgin Money has raised purchase mortgages by up to 0.70%, remortgages by up to 0.65%, and buy-to-let mortgages by up to 0.75%. These adjustments follow previous rate hikes, resulting in an overall increase of over 1% in just one month, highlighting a broader trend of rising costs in the financial sector.
This broadband offer provides a timely opportunity for households to save money on switching fees while accessing high-speed internet services. It underscores Virgin Money's efforts to attract new customers through competitive deals in a market where consumers are increasingly seeking value and flexibility in their broadband and financial services.
