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
WE’VE MADE CHANGES TO OUR RATES
Following the decision by the Monetary Policy Committee on 3 August 2023 to increase the Bank of England Base Rate to 5.25%, we’ve made some changes.
On 6 September 2023, we increased the following Virgin Money variable rates:
- Our Standard Variable Rate has moved to 9.49%.
- Our Buy To Let Variable Rate has moved to 9.69%.
What happens with existing customers
Virgin Money customers who are affected by these changes will be contacted to let them know their rate and monthly repayment will change on 1 October 2023.
If you’ve got any questions, you can get in touch with your Business Development Manager.