Virgin Money is withdrawing some of its 85% LTV purchase products for new customers.

The lender said there had been an increase in demand from customers with small deposits and so the move was being made to protect its service to existing customers and applications.

Virgin Money will still offering 85% LTV five year-fixed products

In a statement, the lender said it hopes to be able to offer a wider range of lower deposit mortgages for new customers soon.

Last month the lender withdrew 90% LTV products from the market.