Virgin Money has increased rates on residential and buy-to-let mortgages by as much as 0.21 per cent.
The largest rate hike has been made to its buy-to-let two-year fix at 60 per cent loan to value (LTV) with a £995 fee, which is now 2.54 per cent, up from 2.33 per cent.
The five-year fixed alternative has risen by 0.17 per cent to 2.68 per cent.
At the 75 per cent LTV tier, the two-year fixed product has increased by 0.06 per cent to 2.61 per cent, while the five-year fixed option has gone up by 0.10 per cent to 2.75 per cent.
For residential borrowers, the broker exclusive product at 85 per cent LTV, fixed for two years with a £1,295 fee, has increased by 0.14 per cent to 2.53 per cent.
At 75 per cent LTV, two- and five-year fixed residential mortgages have increased by as much as 0.15 per cent, while the £995 fee paying and fee-free two-year fixes at 90 per cent LTV have gone up by 0.10 and 0.09 per cent respectively.
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
