Virgin Money has increased some mortgage rates by up to 0.1 per cent while other deals have seen cuts of up to 0.15 per cent.
Selected 85 per cent LTV residential rates have been increased by 0.05 per cent with rates now at 1.9 per cent for a two-year fixed purchase product with a £995 fee and 2.02 per cent for the three-year equivalent with £995 fee.
A five-year fixed purchase mortgage at 85 per cent LTV now has a rate of 2.05 per cent with a £995 fee, while the fee-free option has a rate of 2.24 per cent.
Certain buy to let and portfolio product rates have also gone up by 0.1 per cent.
Across the intermediary exclusive products, the two-year fixed at 65 per cent loan to value (LTV) with a £1,495 fee has been reduced to 1.16 per cent from 1.34 per cent.
This comes with a free valuation for purchase customers or a free valuation and free legals for remortgage customers.
The 65 per cent LTV five-year fixed fee saver option has been reduced from 1.67 per cent to 1.64 per cent with £500 cashback plus a free valuation for remortgage customers.
Within its core range, Virgin has reduced the rate of the five-year fixed fee saver deal at 65 per cent LTV to 1.64 per cent. This product comes with a free valuation for purchase customers or a free valuation and free legals for remortgage customers.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
