Virgin Money has increased selected 90% and 95% LTV product transfer rates by up to 50 basis points.
The lender emailed round brokers this morning to inform them of the changes, which will be effective from 8pm tonight.
Virgin Money stressed if brokers are applying for the mortgage products on behalf of their customer then they must get the application over as soon as possible.
Furthermore, the lender is launching a 90% LTV 5-year fix rate deal for first-time buyers at 3.69%. This offering includes a £995 fee and fee saver options.
The new offering will be available from tomorrow.
A spokesperson said: “We constantly keep our products under review to ensure we remain competitive while providing the best level of service for our customers.”