Virgin Money will be increasing rates on a range of deals tomorrow including its 85 per cent loan-to-value range.

The lender emailed brokers to give them warning that a number of products would be withdrawn from sale at 8pm this evening.

Virgin says that selected 85 per cent LTV residential rates will be increased by 5 basis points.

It is also raising the rate on a number of buy-to-let products at 65 and 75 per cent loan-to-value by 10 basis points.

Selected portfolio landlord products will also increase by 10 basis points.

Earlier this month Virgin and Clydesdale, which is part of the same group, withdrew their 90 per cent LTV products. 

The lenders said they were doing so to protect service levels as demand for high LTV deals surged due to a lack of available products in the market.