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Virgin increases residential and BTL rates

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Virgin Money is introducing and changing rates on an array of mortgage deals.

Selected residential and buy-to-let fixed rates will be increased by up to 0.12% and selected product transfer fixed rates will be increased by up to 0.10%.

In its core product offering, selected residential fixed rates will be increased by up to 0.06%.

In addition, Virgin is launching new BTL 50% and 60% LTV fixed rates with £2,195 fee from 4.27%. New shared Ownership 65% & 75% LTV fixed rates from 4.11% and residential 80% LTV fixed rates from 4.37%.

The lender is also now offering a buy-to-let 80% LTV fixed rate at 5.20%. Buy-to-let tracker rates with a £3,995 fee will be withdrawn.

All rate changes and introductions come into effect from 8pm on 26 May.

Original Article

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