Virgin Money has made changes to its higher LTV mortgage range for customers with smaller deposits. 

Key residential product changes:

• New two-year fixed rate at 90% LTV at 3.19% (£995 product fee, £500 cashback for first time buyers and £300 cashback for purchases)
• New three-year fixed rate at 90% LTV at 3.59% (£995 product fee, £500 cashback for first time buyers and £300 cashback for purchases)
• New five-year fixed rate at 90% LTV at 3.79% (£995 product fee, £500 cashback for first time buyers and £300 cashback for purchases)
• Two-year fixed rate at 95% LTV reduced from 4.49% to 4.39% (no product fee, £300 cashback for purchases)
• Three-year fixed rate at 85% LTV reduced from 2.79% to 2.75% (£995 product fee, £300 cashback for purchases)
• Five-year fixed rate at 85% LTV reduced from 3.25% to 3.20% (£995 product fee, £300 cashback for purchases)

Virgin Money has also extended the removal of the £99 application fee for all residential lending products for a limited period only.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “We’re delighted to announce these latest improvements to our residential mortgage range which provide further support and choice for customers with smaller deposits.”