Virgin Money to raise 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 rates from Friday 13 March.

The lender said selected purchase fixed rates will rise by up to 0.18%, with two-year deals starting from 4.00%, five-year fixes from 4.18% and 10-year fixes from 4.64%.

Shared Ownership fixed rates will also increase by up to 0.18%, with pricing starting from 4.08%.

In the remortgage range, two-year fixed rates will increase by up to 0.21%, starting from 4.09%, while five-year fixed rates will rise by up to 0.20%, starting from 4.18%.

The 75% LTV 10-year fixed rate fee-saver will increase by 0.10% to 4.72%.

Virgin Money is also increasing rates across its buy-to-let range. Fixed rates with a 3% fee will rise by up to 0.20%, starting from 2.89%, while products with a £2,195 fee will start from 4.02%.

Fixed rates with a 1% fee will start from 4.04%, while those with a £995 fee will start from 4.27%. Buy-to-let fixed rate fee-savers will increase by up to 0.20%, starting from 4.55%.

Within product transfers, two-year fixed rates will increase by up to 0.13%, starting from 3.74%, while three-year fixes will rise by up to 0.10%, starting from 3.90%.

Five-year product transfer rates will increase by up to 0.14%, starting from 3.91%, and 10-year fixes will rise by up to 0.10%, starting from 4.57%.

For buy-to-let product transfers, two-year fixed rates will increase by up to 0.10%, starting from 3.66%, three-year fixes from 3.99% and five-year fixes by up to 0.15%, starting from 4.09%.

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