Following the decision by the Monetary Policy Committee on 5 May 2022 to increase the Bank of England Base Rate to 1.00%, we’re making some changes. On 7 June 2022, we will increase our Standard Variable Rate to 5.24% and our Buy to Let Variable Rate to 5.44%.
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 July 2022.
We have to share important information with you, including information we must give you in line with our terms of business for intermediary partners. Please note, you cannot unsubscribe from these emails.
Please refer to our website for full details. Details correct at time of distribution.
Clydesdale Bank PLC (trading as Virgin Money). Registered in Scotland (Company No. SC001111). Registered office: 30 St Vincent Place, Glasgow, G1 2HL. Financial Services Register Number 121873. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Credit facilities other than regulated mortgages and regulated credit agreements are not regulated by the Financial Conduct Authority.
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