Virgin Money increases rates on core resi and product transfer resi ranges

Virgin Money has announced it is making changes to its core residential and product transfer residential mortgage products, effective from 8pm tonight.

For the core residential products, the 90% loan-to-value (LTV) two-year fixed rate with a product fee of £995 is increasing by 0.01% to 3.29% while the five-year fix is rising by 0.13% to 3.53%.

Elsewhere, the buy-to-let (BTL) 60% LTV two- and three-year fixed rate with a £1995 product fee will both increase by 0.04% to 2.84%.

For the product transfer residential range, the 90% two- and three-year fixed rate with a £995 product fee will both go up by 0.01% to 3.29% while the five-year fix with a £995 product fee will rise by 0.13% to 3.53%.

Meanwhile, the BTL 60% LTV two- and three-year fixed rate with a product fee of £995 will both increase by 0.15% to 3.09% and the five-year fix will go up by 0.15% to 3.23%.