Virgin increases five-year fixes by up to 0.14%

Virgin Money has become the latest lender to announce increases to its fixed mortgage rates.

Yesterday, Barclays repriced a number of mortgage products, including increasing its five-year fixed rate at 60% LTV from 3.99% to 4.11%.

Today, Virgin has announced increases of up to 0.14% across its five-year fixed rate purchase, remortgage and product transfer ranges.

In its purchase range, 65%, 75% & 85% LTV five-year fixed rates have increased by up to 0.10%.

85% LTV shared ownership rates are up by 0.04% and 75% LTV £1m+ products have risen by 0.14%, to 4.58%. 

Selected Own New five-year fixed rates will be increased by up to 0.10%. The Own New Rate Reducer scheme uses the incentives offered by housebuilders to provide lower mortgage rates for new build home purchasers.

In addition, Retrofit Boost rates with a £995 fee are up by 0.05%.

In Virgin's remortgage range, 65% & 75% LTV five-year fixed rates have increased by up to 0.08%, 75% LTV £1m+ products are up by 0.09%, to 4.50%, and Retrofit Boost rates have risen by 0.05%. 

65% & 75% LTV product transfer rates have also increased by up to 0.10%.