Following the decision by the Monetary Policy Committee to reduce the Bank of England Base Rate, we will reduce our Standard Variable Rate and Buy to Let Variable Rate.
Following the decision by the Monetary Policy Committee on 7 November 2024 to reduce the Bank of England Base Rate to 4.75%, we’re making some changes.
On 28 November 2024, we’ll reduce the following Virgin Money variable rates:
- Our Standard Variable Rate will move from 8.99% to 8.24%.
- Our Buy To Let Variable Rate will move from 9.19% to 8.44%.
What happens with existing customers
Customers who are affected by these changes will be contacted to let them know their rate and monthly repayment will change on 1 December 2024.
If you've got any questions, you can get in touch with your Business Development Manager..