Virgin Money will withdraw all buy-to-let new business deals from today.

BTL fixes with fee of 3%, 2%, £2,195 and £995 alongside fee savers will all be cut from the range.

However, fixed BTL product transfer rates with a fee of £3,995, £1,95 and fee-savers will all remain unchanged and start from 4.55%, 4.84% and 4.99%, respectively.

Earlier this month, Virgin Money and Clydesdale Bank announced both would no longer be offering new BTL mortgages.

Clydesdale new business BTL products were withdrawn in March, and won’t be reintroduced.

Any new BTL lending applications should now be sent to The Mortgage Works, the BTL lender of Nationwide.

Elsewhere, Keystone Property Finance has increased rates on its two- and five-year fixed rate products.

Two-year fixes have risen by 0.10% and now start from 3.49%, while five-year fixed have gone up by 0.15% to start from 5.24%.

Kensington says the increase is a result of the continued economic and geopolitical factors which have been causing SWAP rates to rise.

Earlier today, Kensington and Molo announced that both would be lowering prices on buy-to-let products.