Santander, Virgin Money and Clydesdale Bank will reduce standard variables and tracker rates by 25 basis points following the Bank of England quarter base rate reduction.
Santander says all tracker mortgages linked to the base rate will be down 25bps from March 3rd. This includes the lender's subsequent rate, which decreases from 8% to 7.75%. 
Additionally, the standard fluctuation rate is 6.75%, down 25bps from 7.00%.
Virgin Money says thatTundard variability will move from 7.74% to 7.49% on February 20th.
And the rate of volatility in buybacks will move from 8.24% to 7.99%.
At Clydesdale Bank,Tundard volatility will also fall from 7.74% to 7.49% on February 20th.
Meanwhile, BTL volatility and offset variable investment mortgage fees drop from 8.24% to 7.99%.
The Bank of England's Pricing Monetary Policy Committee cut the base rate by 0.25% early today to 4.5%, but the UK's 2025 growth forecast for November fell from 1.5% to 0.75%. .
