Lender implements rate increases across its Exclusives and Core ranges
Virgin Money has announced increased rates on a variety of residential and buy-to-let mortgage products, affecting both its Exclusives and Core ranges.
In the lender’s Exclusives range, the Own New fixed rates saw a hike of 0.1%. Selected Fix and Switch residential fixes were increased by up to 0.16%, while Fix and Switch buy-to-let fixed rates were also raised by up to 0.1%.
In addition, 90% loan-to-value (LTV) purchase fixed rates were increased by up to 0.12%, while selected 60% and 75% BTL fixed rates had increases of up to 0.14%.
The 65% and 75% remortgage five-year fixed rates were hiked by 0.15%.
Last week, Virgin Money launched two new 85% LTV five-year fixed rate exclusive remortgage Fix and Switch products, alongside rate increases for several of its mortgage offerings.
Meanwhile, in the Core product line, residential purchase two- and five-year fixed rates were increased by up to 0.2%, while 65% and 75% LTV product transfer rates for two-, three-, and five-year terms were raised by 0.1%.
The lender’s current rates, reflecting the latest changes, can be accessed online through its updated product guide.
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