Yes, it's capped at a "mere" £240, plus the charge during the 30 days notice:
https://www.virginmedia.com/shop/the-legal-stuff/terms-and-conditions-for-fibre-optic-services/early...
If you're moving out, and there's new or remaining occupiers at the old property, and can persuade them to take over the existing contract, you could probably avoid that.
If you are cancelling, don't forget that you'll need to return the VM kit otherwise they'll charge you for it.
I'm a Very Insightful Person, I'm here to share knowledge, I don't work for Virgin Media. Learn more
Have I helped? Click Mark as Helpful Answer or use Kudos to say thanks