Virgin increases high-LTV rates and launches new 80% LTV range

Virgin Money has announced a series of rate increases across its residential mortgage range, alongside the launch of new 80% LTV products.

Selected 85% and 90% LTV two and five-year fixed rates have increased by up to 0.15%. 

Retrofit Boost 85% LTV five-year fixed rates are up by 0.05% and Own New 85% and 90% LTV fixed rates have risen 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.

As part of the changes, selected shared ownership two and five-year fixed rates have reduced by up 0.13% and end dates will move to 1 February of the relevant year. 

Alongside rate changes, Virgin has launched new 80% LTV purchase exclusives with a free valuation.

Two-year fixed rates start from 4.59% with an £895 fee and 4.85% fee-free. Five-year fixes are available at 4.34% and 4.51% respectively.