Virgin Money has increased select product rates by up to 0.11 per and will withdraw certain high loan to value (LTV) purchase and remortgage products.
The changes come into effect from 8pm today.
In its core range select products between 65 and 80 per cent LTV will rise by around 0.11 per cent.
On the product transfer side, certain products at 80 per cent LTV will be increased by around 0.04 per cent.
This includes its two-year fixed rate with £995 fee, which will be priced at 2.44 per cent. Its fee-saver equivalent will go up by 0.01 per cent to 2.69 per cent.
Its five-year fixed rate fee-saver product at the same LTV will go up by 0.04 per cent to 2.77 per cent.
The lender said that select exclusive purchase products will be withdrawn. This includes its two-year fixed rate at 75 per cent LTV with £495 fee, which had a rate of 2.49 per cent.
Its five-year fixed rate at 80 per cent LTV at 2.42 per cent will also be removed, along with its 85 per cent LTV equivalent at 2.53 per cent. Both come with a £495 fee.
Virgin Money is withdrawing its five-year fixed rate exclusive remortgage product at 2.3 per cent. It is subject to a £1,295 fee.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
