Virgin Money is increasing a range of residential mortgage rates across purchase, remortgage and product transfer deals.

The lender confirmed that two-year and five-year fixed rates for purchase are rising by up to 0.25% and 0.18% respectively.

Following the changes, two-year fixed rates will start from 3.92%, while five-year fixed rates will start from 4.11%.

Shared Ownership products also see increases, with fixed rates rising by up to 0.25% and starting from 4.01%.

In the remortgage range, two-year fixed rates are increasing by up to 0.15%, with pricing starting from 3.99%. Five-year fixed remortgage products are also rising by up to 0.15%, beginning from 4.09%.

The lender’s 75% loan-to-value 10-year fixed rate fee-saver are increasing by 0.08%, taking the rate to 4.62%.

Virgin Money is also increasing selected product transfer deals available to existing borrowers.

Within the product transfer range, selected two-year fixed rates are rising by up to 0.06%, starting from 3.62%. Selected three-year fixed rates are increasing by up to 0.05%, with rates starting from 3.80%.

Selected five-year fixed rates are rising by up to 0.11%, starting from 3.81%.