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Virgin Money ups mortgage rates

  • 17/05/2022
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Virgin Money ups mortgage rates
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. 

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