Virgin Money to raise selected fixed mortgage rates

Published on

Virgin Money will increase a range of fixed mortgage rates on Friday 5 September, alongside minimum loan size changes on selected product transfer options and the withdrawal of several exclusive remortgage products at 8pm today.

Within the exclusive purchase range, 75% LTV five-year fixes will rise by up to 0.22%, with rates starting from 4.22%. At 80% LTV, two and five-year fixes will increase by up to 0.17%, from 4.14%.

The 85% LTV five-year fix with a £895 fee will rise by 0.13% to 4.29%.

At higher LTVs, 90% LTV two and five-year fixes will increase by up to 0.17%, starting from 4.55%, while the 95% LTV two-year fee-saver will move up by 0.06% to 4.99%.

Across the core purchase range, 95% LTV two and five-year fixes will be increased by up to 0.10%, starting from 4.99%. Shared ownership fixes will rise by 0.10%, from 4.18%.

In buy-to-let, two and five-year fixes carrying a £2,195 fee will increase by up to 0.15%, with rates starting from 4.07%. Products at 60% LTV with a 1% fee will rise by 0.10%, from 4.03%.

Two and five-year fixes at 60% and 75% LTV with a £995 fee will also go up by 0.10%, starting from 4.26%. Fee-saver options on two and five-year fixes will increase by 0.10%, with rates from 4.57%.

For product transfers, selected two and three-year fixes will rise by up to 0.10%, starting from 3.84%, while selected five-year fixes will increase by up to 0.13%, from 3.91%. In addition, 65% and 75% LTV two-year fixes with a £1,995 fee will now carry a minimum loan size of £200,000, and the corresponding five-year fixes will have a £100,000 minimum.

Buy-to-let product transfer fixes will rise by 0.05%, starting from 3.82%.

Separately, from 8pm today, Virgin Money will withdraw four exclusive remortgage products: the 75% LTV two-year fix with a £995 fee at 3.99%, the 75% LTV two-year fee-saver at 4.40%, the 75% LTV five-year fix with a £995 fee at 4.01%, and the 75% LTV five-year fee-saver at 4.17%.

Applications for these withdrawn products must be submitted by 8pm today.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Rents hit new record as landlords brace for fresh regulation

The average advertised rent across Great Britain rose to a record £1,577 a month...

Skipton teams up with Age UK to support older people through cost of living crisis

Skipton Building Society has partnered with Age UK to deliver a national programme aimed...

Alps joins Open GI platform with landlord protection products

Alps, the managing general agent specialising in insurance add-on policies and claims solutions, has...

Acre teams up with FP Surveying to launch one-click survey service

Acre has launched a new surveying service in partnership with FP Surveying, aiming to...

Together strengthens board with new NED appointment

Together has appointed Andy Higginson as a non-executive director to its board, with effect...

Latest publication

Other news

Rents hit new record as landlords brace for fresh regulation

The average advertised rent across Great Britain rose to a record £1,577 a month...

Skipton teams up with Age UK to support older people through cost of living crisis

Skipton Building Society has partnered with Age UK to deliver a national programme aimed...

Alps joins Open GI platform with landlord protection products

Alps, the managing general agent specialising in insurance add-on policies and claims solutions, has...