Virgin Money has announced it is making changes to its residential and buy-to-let mortgage range at 8pm this evening (22 August).

For its remortgage exclusives, the 65% loan-to-value (LTV) five-year rate of £1,295 fee will be increased by 0.40% to 3.29% while 85% LTV five-year fixed rate with a £1,295 fee will go up by 0.06% to 3.47%. 

Meanwhile, Virgin Money’s 85% LTV five-year fixed rate with a £1,495 fee will rise by 0.14% to 3.59%.

The lender notes that its exclusive rates “may be withdrawn at any time”.

All two- and three-year fixed rates will be increased by 0.20% within the lender’s core range, with the exception of 90% LTV rates which will go up by 0.30%.

Also within its core range, all buy-to-let (BTL) two- and three-year fixed rates will be increased by 0.30%. 

The core 75% LTV 10-year fixed rate with a £995 fee will rise by 0.30% to 3.60%.

For product transfers, all 65% to 75% LTV fixed rates will go up by up to 0.26% while all 90% to 95% LTV two- and three-year fixed rates will be increased by 0.20% with the exception of 90% LTV rates which will be increased by 0.30%. 

All BTL two- and three-year fixed rates will rise by 0.30% with the exception of selected BTL 60% LTV rates which will be increased by up to 0.15%.

Meanwhile, the 65% LTV 10-year fixed rate fee-saver will go up by 0.30% to 3.90%.

Finally, the BTL 60% LTV five-year fixed rate with a £1,995 fee will increase by 0.04% to 3.19%.

Virgin Money says: “If you’re applying for one of these products on behalf of your customer, please send us the application as soon as possible.”