Virgin Money has announced an important product update for advisers. Virgin Money products and support with the lender, including same day payment on completion, is all available accessible through our direct to lender mortgage club. Contact us for more information.
ANNOUNCEMENTS
Changes to our Standard and BTL Variable Rates
Following the decision by the Monetary Policy Committee on 16 June 2022 to increase the Bank of England Base Rate to 1.25%, we’re making some changes. On 7 July 2022, we will increase our Standard Variable Rate to 5.49% and our Buy to Let Variable Rate to 5.69%.
What happens with existing customers
Customers affected by the changes to our Standard Variable Rate or Buy to Let Variable Rate will be contacted to let them know their rate and monthly repayment will change on 1 August 2022.