Residential and BTL product rates get 0.35% to 0.60% increase
Virgin Money has increased the rates of selected residential and buy-to-let products.
For its exclusive and core product range, the lender has raised by 60 basis points (bps) the rates of its two-year fix and by 40bps the rates of its five-year deal. Their rates now start from 5.66% and 5.10% respectively.
Buy-to-let fixes also had their rates increased by 35bps on the two-year deal, starting from 5.22%, and by 30bps on the five-year deal, from 5.01%.
All other fixes in the exclusive and core product range have increased by up to 50bps.
For Virgin Money’s product transfer range, two- and five-year fixed rates have been hiked by 42bps and 38bps respectively, with rates starting from 5.47% and 4.96%. All other fixed rates in the range have increased by up to 0.37%.
The lender advised brokers who are applying for one of the said products on behalf of their customer to send their applications as soon as possible.
Last week, Virgin Money increased the rates of its residential and buy-to-let products by 11 to 12 basis points.
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