Virgin Money to up rates and withdraw 95% 2-year fixed rate mortgage

Mortgage lender Virgin Money is increasing its residential fixed rates by up to 0.60% this evening (Wednesday 12th October).

It is also increasing the rates across its buy-to-let fixed rate mortgage range which will go up by up to 0.49%.

For product transfers fixed rates will be increased by up to 0.60%.

Meanwhile, it is withdrawing its 95% LTV 2-year fixed rate mortgage.

The move comes as lenders continue to reprice following market volatility following the mini-Budget – which the Government denies having impacted the market.

At present rates across 2- and 5-year fixed rates are closing in on 6.5% according to the latest data from Moneyfacts.

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