Virgin Money will increase residential and buy-to-let product transfer fixed rates on Friday, 24 July.

Two-year residential fixed rates will rise by up to 0.23%, while three-year fixed rates will increase by up to 0.16%.

Five-year residential fixed rates will rise by up to 0.22%.

Selected two-year and three-year buy-to-let fixed rates will increase by 0.05%.

Five-year buy-to-let fixed rates will rise by up to 0.15%.