Virgin Money has increased certain core and product transfer mortgage rates by as much as 0.3 per cent.
The change comes into effect from 8pm tonight.
In its core range, all five-year fixed rates with a product fee will rise by around 0.3 per cent.
This includes the five-year fixed rate remortgage at 65 per cent loan to value (LTV) which has gone from 3.24 per cent to 3.54 per cent. It comes with a £995 fee.
Its fee-free version has increased from 3.59 per cent to 3.79 per cent. Both come with free valuations and legals.
All other fixed rates will go up by around 0.2 per cent. This includes a five-year fixed rate at 65 per cent LTV with a £995 fee which has risen from 3.18 per cent to 3.24 per cent.
Its fee-free version at the same LTV has increased from 3.39 per cent to 3.47 per cent.
Its five-year fixed rate at 90 per cent LTV with cashback and a £995 fee has gone up by 3.53 per cent to 3.83 per cent.
Skipton increases maximum additional borrowing LTV
Skipton Building Society has increased the maximum loan to value for additional borrowing from 90 per cent LTV to 95 per cent LTV for residential borrowers.
The mutual’s standard residential products are available up to 95 per cent LTV for purchase and additional borrowing.
Additional borrowing can be used by borrowers who have had a mortgage with the mutual for at least six months and can be used to raise extra funds.
For remortgage applications, the maximum LTV will remain at 90 per cent LTV.
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.
