Virgin Money raises selected mortgage and buy-to-let rates

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Virgin Money is increasing a range of residential, remortgage, buy-to-let and product transfer fixed rates from Tuesday 17 March.

The lender said selected purchase rates will rise by between 0.25% and 0.35%, with two-year fixed rates increasing by 0.35%, five-year fixed rates by 0.30% and 10-year fixed rates by 0.25%.

Shared Ownership fixed rates will also increase, with rises of up to 0.35% from the same date.

Across the remortgage range, Virgin Money is increasing two-year fixed rates by 0.35% and five-year fixed rates by 0.30%. Its 75% loan-to-value 10-year fixed rate fee-saver will rise by 0.25%.

In the buy-to-let sector, the lender is increasing two-year fixed rates by 0.35% and five-year fixed rates by 0.30%.

Virgin Money is also making changes to its product transfer range. Fixed rates at 65% and 75% loan-to-value will increase by 0.25%, while rates at 80%, 85%, 90% and 95% loan-to-value will rise by 0.20%.

For buy-to-let product transfers, two-year and three-year fixed rates will both increase by 0.35%, while five-year fixed rates will increase by 0.30%.

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