Virgin Money and Clydesdale Bank have increased a range of fixed rate home and landlord deals by up to 32 basis points from 8pm tonight (6 November). This comes hours before the Bank of England's widely expected benchmark interest rate cut tomorrow.
Virgin Money's rise includes: 
purchase
80% loan to value amendment and switch fee savings increase by 20bps to 4.90% All shared ownership deals come with a free valuation and an extra £200 cashback
remortgage
75% LTV modification and switching fee savings increases by 20bps to 4.94%
buy to let
Fixed and switchable rates, which come with a fee of £495, will rise by 20bps from 4.94%.
Clydesdale Bank price increases include:
Core housing — including product transfer
2-year and 5-year fixed rates for 65-75% LTV increase by up to 32bps
BTL
5-year fixed interest rates for 65-75% LTV will be increased by 30bps
Purchase limited item
80-85% LTV 2-year and 5-year modifications are rescinded
The increase comes as the city expects the central bank's rate-setting Monetary Policy Committee to announce a cut in the base interest rate from 5% to 4.75% and a 0.25% cut in borrowing costs as of midday on Thursday. It was received and carried out.
