Virgin Money will be increasing purchase, remortgage and product transfer rates by up to 10bps on 9 April.

The lender’s purchase 65% & 75% LTV two-year tracker rates with a £999 fee will be increased by 10bps.

Virgin’s remortgage 65% & 75% LTV two-year tracker rates with a £999 fee will also rise by 10bps.

Similarly, on the product transfer side Virgin will make increases of up to 10bps to two-year fixed rates, five-year fixed rates, selected two-year trackers with a £999 fee and two-year buy-to-let rates.

Increases of 5bps will apply to three-year fixed product transfers and three- and five-year buy-to-let rates.

Brokers have until 8pm today to apply for mortgages at Virgin’s current rates.

Santander is increasing product transfer rates by up to 32 basis points tomorrow.