Virgin Money has announced changes to its residential and buy-to-let (BTL) mortgage product range.

From 8pm today, all Virgin Money’s 80% loan-to-value (LTV) fixed rates will be withdrawn. 

The changes will also see selected 65% to 90% LTV fixed rates increase up to 0.23%.

The 85% LTV two-year fixed rate with £995 fee will be increased by 0.18% to 2.53%, while the 85% LTV five-year fixed rate with £995 fee will rise by 0.06% to 2.63%

Elsewhere, the lender’s 85% LTV two-year fixed rate fee-saver will be increased by 0.04% to 2.69%, and the 85% LTV five-year fixed rate fee-saver fee will be increased by 0.03% to 2.77%.

In addition, BTL 60% to 75% LTV fixed rates will increase by up to 0.15%.

Meanwhile, Virgin Money will also introduce new purchase intermediary and BTL exclusive products from 10 May. 

For purchase intermediary exclusive products, it will launch a new 85% LTV two and five-year fixed rate with a £495 fee at 2.59% and 2.53% respectively. 

It will also introduce a new 90% LTV two- and five-year fixed rate with a £495 fee at 2.65% and 2.69% respectively. 

Both the 85% and 90% LTVs include a £500 cashback incentive. 

For BTL exclusives, the lender will launch a new 60% and 75% LTV five-year fixed rate with £1,295 fee at 2.40% and 2.58% respectively.

Virgin Money said these deals could be withdrawn at any time without usual notice.