Changes to our Mortgage rates.
Following the decision by the Monetary Policy Committee on 7 August 2025 to reduce the Bank of England Base Rate from 4.25% to 4.00%, we’re making some changes.
Virgin Money Tracker Rates
From 8 August 2025 our updated tracker rates will reflect the change to the Bank of England Base Rate with no change to our tracker differential.
Virgin Money Variable Rates
On 21 August 2025, we’ll reduce the following Virgin Money variable rates:
- Our Standard Variable Rate will move from 7.24% to 6.99%.
- Our Buy To Let Variable Rate will move from 7.74% to 7.49%.
What happens with existing customers
Customers affected by the changes to our Variable Rates will be contacted to let them know their rate and monthly repayment will change on 1 September 2025.
Customers whose mortgage rates are directly linked to the Bank of England Base Rate will be contacted to let them know their monthly payment will change on 1 October 2025 as per their mortgage terms and conditions. If you've got any questions, you can get in touch with your Business Development Manager.