Virgin Money is set to introduce a series of rate increases across its mortgage range from Monday 15th September. The changes will apply to core residential, exclusive, professional and buy-to-let products.
In the core residential range, 65% LTV 2 and 5-year fixed rates will rise by up to 0.16%, while 75% LTV equivalents will increase by up to 0.10%. At 80% LTV, 2 and 5-year fixed rates will go up by as much as 0.35%. The 85% LTV 2-year fixed fee-saver will rise by 0.05% to 4.83%, while the 90% LTV 2-year fixed fee-saver will also increase by 0.05% to 4.84%. At 95% LTV, 2 and 5-year fixed £999 fee products will rise by up to 0.10%.
Among exclusives, selected residential remortgage products at 75%-80% LTV will rise by up to 0.24%, while residential purchase products at 85% and 95% LTV will increase by up to 0.15%. Virgin Money’s £1m-£3m large loan exclusive 2 and 5-year fixes will see increases of up to 0.16%.
In the professional range, the 65% LTV 2-year fixed rate will rise by 0.20% to 4.35%. Selected buy-to-let products between 60% and 75% LTV will increase by up to 0.15%.
Virgin Money confirmed that applications for affected products must be submitted by 8pm on Sunday 14th September.
