Virgin Money has increased rates on its fixed rate products.
The changes took place at 8pm on 12 November.
The increases are as follows:
PURCHASE:
- Selected 2 & 5 year rates have been increased by up to 15bps, starting from 4.29%.
- Selected Shared Ownership rates have been increased by 10bps, starting from 4.22%.
- Selected Own New rates have been increased by up to 15bps, starting from 0.55%.
- £1m+ rates have been increased by 20bps, starting from 4.44%.
- Retrofit Boost rates have been increased by up to 20bps, starting from 4.64%.
- Remortgage
- 65% & 75% LTV 2 & 5 year rates have been increased by up to 0.14%, starting from 4.24%.
- £1m+ rates have been increased by up to 15bps, starting from 4.55%.
- Retrofit Boost rates have been increased by up to 20bps, starting from 4.64%.
BUY-TO-LET:
- 2 & 5 year rates with £2,195 fee have been increased by 10bps, starting from 4.32%.
- 2 & 5 year rates with 3% fee have been increased by up to 16bps, starting from 3.67%.
- Selected 2 & 5 year rates with 1% fee have been increased by up to 15bps, starting from 4.39%.
- 2 & 5 year rates with £995 fee have been increased by 20bps, starting from 4.54%.
- 2 & 5 year fee-saver rates have been increased by 20bps, starting from 4.80%.
- Retrofit Boost rates have been increased by up to 20bps, starting from 4.78%.
PRODUCT TRANSFER:
- Selected rates have been increased by up to 25bps, starting from 4.19%.
- 2, 3 & 5 year buy-to-let rates have been increased by 20bps, starting from 4.24%.
Virgin Money has also withdrawn the following products:
- 80% LTV Exclusive Purchase 2 year rate with £895 fee at 4.50%.
- 80% LTV Exclusive Purchase 2 year fee-saver rate at 4.77%.
- 80% LTV Exclusive Purchase 5 year rate with £895 fee at 4.21%.
- 80% LTV Exclusive Purchase 5 year fee-saver rate at 4.32%.
