Virgin Money has raised rates on a large number of residential deals today by up to 35 basis points, including products at 85 per cent loan-to-value.

The lender has made the following Increases to its core residential range:

• Increased five-year fixed 65 per cent LTV with £995 fee by 0.09 percentage points to 1.64 per cent
• Increased five-year fixed 65 per cent LTV with fee-saver by 0.25 percentage points to 2.18 per cent
• Increased five-year fixed 75 per cent LTV with £995 fee by 0.15 percentage points to 1.92 per cent
• Increased five-year fixed 75 per cent LTV with fee-saver by 0.35 percentage points  to 2.43 per cent
• Increased two-year fixed 85 per cent LTV with £995 fee by 0.15 percentage points to 2.97 per cent
• Increased two-year fixed 85 per cent LTV with fee-saver by 0.20 percentage points to 3.29 per cent
• Increased three-year fixed 85 per cent LTV with £995 fee by 0.15 percentage points to 3.07 per cent
• Increased three-year fixed 85 per cent LTV with fee-saver by 0.20 percentage points to 3.34 per cent
• Increased five-year fixed 85 per cent LTV with £995 fee by 0.20 percentage points to 3.14 per cent
• Increased five-year fixed 85 per cent LTV with fee-saver by 0.25 percentage points to 3.44 per cent

 Virgin has also raised the following shared ownership rates:

• Increased two-year fixed 85 per cent LTV with £995 fee by 0.30 percentage points to 2.59 per cent
• Increased two-year fixed 85 per cent LTV with fee-saver by 0.18 percentage points to 2.99 per cent
• Increased five-year fixed 85 per cent LTV with £995 fee by 0.15 percentage points to 2.84 per cent
• Increased five-year fixed 85 per cent LTV with fee-saver by 0.20 percentage points to 3.19 per cent
• Increased two-year fixed 90 per cent LTV with £995 fee by 0.30 percentage points to 3.64 per cent
• Increased two-year fixed 90 per cent LTV with fee-saver by 0.30 percentage points to 3.94 per cent
• Increased five-year fixed 90 per cent LTV with £995 fee by 0.16 percentage points to 4.24 per cent