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Virgin Money has also withdrawn the following products: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%.