Virgin Money has become the latest lender to reveal a new wave of branch closures, revealing plans to axe almost a third of its network.

The lender, which blamed “changing customer demand” for its decision, admitted some staff would be at risk of redundancy due to its decision though it hoped to redeploy some of those affected.

The Unite union said 260 jobs would be lost.

The announcement builds on thousands of branch closures conducted by high street lenders since the financial crisis under cost-cutting plans.

The industry has consistently argued that online and mobile banking services have stripped demand for branch services.

The 39 sites affected are as follows:

• Belfast
• Chelmsford
• Enfield
• Hexham
• London Haymarket
• St Albans
• Bournemouth
• Cheltenham
• Exeter
• Irvine
• Milton Keynes
• Swindon
• Brighton
• Chester
• Fort William
• Kendall
• Newton Stewart
• Turrif
• Bristol
• Croydon
• Golders Green
• Kensington
• Norwich
• Wolverhampton
• Bromley
• Derby
• Gosforth Centre
• Kingston
• Oxford
• Cambridge
• Durham
• Guildford
• Liverpool
• Reading
• Cardiff
• Ellon
• Harrow
• Lochgilphead