Following the decision by the Monetary Policy Committee to reduce the Bank of England Base Rate, we’re making changes to our Tracker products and Residential Standard Variable Rate.
Following the decision by the Monetary Policy Committee on 18 December 2025 to reduce the Bank of England Base Rate from 4.00%, to 3.75%, we’re making some changes.
Virgin Money Variable Rates
On 15 January 2026, we’ll reduce the following Virgin Money variable rate:
- Our Standard Variable Rate will move from 6.99% to 6.74%.
Virgin Money Tracker Rates
From 19 December 2025 our updated tracker rates will reflect the change to the Bank of England Base Rate with no change to our tracker differential.
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 February 2026.
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 February 2026 as per their mortgage terms and conditions.
If you've got any questions, you can get in touch with your Business Development Manager.