It hikes rates for selected products
Virgin Money has made changes to some of its residential and buy-to-let fixed rate products.
The financial services company announced that it is withdrawing its Freedom to Fix tracker range.
It has also increased the cost of selected two-year and three-year fixed rates at 65% to 85% LTV by up to 0.16%.
Selected five-year fixed rates at 65% to 75% LTV was also increased by up to 0.06%, while the cost of selected buy-to-let LTV fixed rates at 75% was raised by up to 0.36%.
For its purchase exclusive mortgages, the two-year and five-year fixed rates at 80% LTV have been increased by up to 0.2%.
Virgin Money said it has already informed brokers of the changes, and has urged them to process client applications as soon as possible.
