Virgin Money has launched a new prize draw where one mortgage customer can have their mortgage repayments paid for the whole of 2015.

All customers who complete their mortgage between 24 November 2014 and 1 January 2015 inclusive will be automatically entered into a free ‘Christmas Cracker’ prize draw, with the chance of having their monthly mortgage payments paid for up to a year; up to a maximum of £1,000 per calendar month.

The prize draw is open to both new and existing Virgin Money customers.

Peter Rogerson, Virgin Money’s savings and mortgages director, said: “Christmas is a time of giving, and to celebrate the festive season we’re giving one lucky mortgage customer the fabulous opportunity to have their mortgage payments paid for a whole year.

“The Christmas Cracker is our latest innovation and follows on from the success of our Stamp Duty Buster and Rapid Remortgage products.”