Virgin Money has announced a series of rate rises across its residential and buy-to-let mortgage ranges.
In its exclusive range, 90% LTV purchase fixed rates have increased by up to 0.12%, selected 60% and 75% buy-to-let fixed rates by up to 0.14%, and 65% and 75% remortgage five-year fixed rates by 0.15%.
Own New Rate Reducer fixed rates have risen by 0.10%. The Own New Rate Reducer scheme uses the incentives offered by housebuilders to provide lower mortgage rates for new build home purchasers.
Selected Fix and Switch residential fixed rates have increased by up to 0.16%, with buy-to-let options rising by up to 0.10%. The Fix and Switch range offers borrowers the security of a five-year fixed rate with the flexibility of being able to switch to another product with no early repayment charge after just two years.
In Virgin's core range, residential two and five-year fixed rates have increased by up to 0.20% and product transfer rates at 65% and 75% LTV have increased by 0.10%.
