Virgin Money is increasing residential fixed rates and product transfer rates by up to 0.6 per cent, and buy-to-let rates by as much as 0.49 per cent.
The changes will come into effect from 8pm today.
The lender added that two-year 95 per cent loan to value (LTV) fixed rates would be withdrawn.
For example, its residential fee-saver five-year fixed rate at 95 per cent LTV has gone up by 0.4 per cent to 6.34 per cent, and its 10-year fixed rate at 75 per cent LTV with £995 fee will increase by 0.6 per cent to 5.9 per cent.
Buy-to-let products rising
On the buy-to-let side, its two-year fixed rate at 75 per cent LTV will rise by 0.38 per cent to 6.19 per cent and its five-year fixed rate at the same LTV and fee will go up by 0.49 per cent to 5.99 per cent.
For portfolio buy-to-let products, rates are 0.1 per cent higher, coming to 6.29 and 6.09 per cent respectively.
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.
