The bank increased its net lending by 29% to £2.2bn, with mortgage balances increasing by 9% to £27.7bn - with a mortgage book made up of 82% residential and 18% buy-to-let.
The bank made an underlying profit of £101.8m before tax, a 53% increase from the first half of 2015.
Jayne-Anne Gadhia, Chief Executive said:
“I am delighted to report that it has been an excellent first half for Virgin Money. We continued to grow the business strongly and have delivered a 53 per cent increase in underlying profit as a result of our increased share of the mortgage market and the continued success of our credit card business."
