Virgin Money has announced changes to its mortgage range, with rate increases across selected fixed-rate products starting tomorrow, 22nd October.
These adjustments, which have been communicated to brokers, will affect buy-to-let, remortgage, and purchase products, with increases ranging from 0.05% to 0.10%.
For buy-to-let products, the 60% loan-to-value (LTV) 2-year fixed rate with a £2,195 fee will increase by 0.10%, bringing the new rate to 4.29%.
The 60% LTV 5-year fixed rate with the same fee will rise by 0.05%, reaching 4.07%.
Similarly, the 60% LTV 2-year fixed rate with a 1% fee will go up by 0.05% to 4.39%, while the 5-year version will increase by 0.05% to 4.12%.
In the remortgage category, the 75% LTV Fix and Switch fee-saver will increase by 0.09%, moving to a new rate of 4.74%.
The 75% and 85% LTV Retrofit Boost 5-year fixed rates will increase by up to 0.10%, with rates starting at 4.34%.
Additionally, core purchase products will see changes, with selected 65% and 75% LTV 5 year fixed rates rising by 0.10%, bringing rates to 4.04%.
The 85% LTV fixed rates will increase by 0.05%, starting from 4.24%.
