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Virgin Money has announced changes to its mortgage variable revert rates, following the announcement of an increase of 0.25% in base rate by the Bank of England on 5 May 2022.

Virgin Money

Clydesdales and Yorkshire Bank

These mortgage rate changes follow the increases to savings rates Virgin Money made on its popular linked saver accounts for the Virgin Money M Plus Account, Virgin Money Club M Account and Virgin Money M Account. The interest rate on these linked savers increased on 1 June from 1.00% Gross/AER to 1.56% AER (1.55% Gross) on balances up to £25,000. For balances above £25,000, the rate rose from 0.50% to 0.75% Gross/AER. Rates are variable.