Virgin Money is increasing selected purchase, remortgage, buy-to-let and product transfer rates from Thursday 26 March, with brokers told to submit applications by 8pm today to secure current pricing.

The lender says selected two-year fixed rates for purchase will rise by up to 70 basis points (bps), while five-year fixed rates will increase by up to 65bps and 10-year fixed rates by 60bps.

Shared Ownership fixed rates will also increase by up to 70bps, while 65% and 75% loan-to-value two-year tracker rates with a £999 fee will rise by 10bps.

PURCHASE AND REMORTGAGE

In the remortgage range, selected two-year fixed rates will increase by up to 65bps and five-year fixed rates by 60bps.

The 75% loan-to-value 10-year fixed rate fee-saver will increase by 0.55%.

BUY-TO-LET

Within its buy-to-let range, Virgin Money says two-year fixed rates will increase by 75bps, while five-year fixed rates will rise by 65bps.

PRODUCT TRANSFER

For product transfer business, selected two-year, three-year and five-year fixed rates will all increase by up to 40bps, while 10-year fixed rates will increase by 30bps.

The lender is also increasing 65% and 75% loan-to-value two-year tracker rates with a £999 fee by 10bps.

In the buy-to-let product transfer range, two-year fixed rates will rise by 50bps, three-year fixed rates by up to 50bps and five-year fixed rates by 40bps.

Virgin Money says brokers applying for any of the affected products on behalf of customers should submit applications by 8pm today (25 March).