Virgin Money has today announced alterations to its mortgage product offerings. Starting from 8pm today, the changes involve an increase in rates on selected mortgage products.
For their Exclusive and Core range, specific 2-year fixed rates will see an increase of 0.12%, bringing the starting rate to 5.21%.
Selected 5-year fixed rates will also rise by 0.11%, with the new starting rate now 4.70%.
Additionally, buy-to-let (BTL) customers will also be impacted. Selected 2-year fixed rates on BTL mortgages will increase by 0.12%, with a new starting rate of 4.87%.
Likewise, selected BTL 5-year fixed rates will witness an upward adjustment of 0.11%, starting from 4.71%.
Virgin Money has also noted that all other residential and BTL fixed rates will experience an increase of up to 0.12%.
The changes also affect product transfers, as all fixed rates will be increased by up to 0.12%, commencing from 4.58%.
