Virgin Money has made changes to its residential and buy-to-let mortgage product offering.

In addition, the lender has also launched a new intermediary exclusive product at 65% loan to value (LTV).

It is a five-year fixed rate at 1.42%, available for both purchase and remortgage. It comes with a £1,495 fee.

The other product changes are effective from 13 November and are follows:

Core residential:

• Reduced 65% LTV 5 Year £995 fee by 0.33bps to 1.61%
• Reduced 65% LTV 5 Year fee-saver by 0.49bps to 1.99%
• Reduced 75% LTV 5 Year £995 fee by 0.09bps to 2.13%
• Reduced 85% LTV 2 Year £995 fee by 0.33bps to 2.99%
• Reduced 85% LTV 3 Year £995 fee by 0.18bps to 3.24%
• Reduced 85% LTV 5 Year £995 fee by 0.25bps to 3.24%

Core buy-to-let:

• Reduced 60% LTV 2 Year £1,995 fee by 0.16bps to 1.71%
• Reduced 60% LTV 3 Year £1,995 fee by 0.16bps to 1.71%
• Reduced 60% LTV 5 Year £1,995 fee by 0.25bps to 1.98%
• Reduced 60% LTV 5 Year £995 fee by 0.20bps to 2.11%
• Reduced 75% LTV 2 Year £1,995 fee by 0.16bps to 1.74%
• Reduced 75% LTV 3 Year £1,995 fee by 0.16bps to 1.74%
• Reduced 75% LTV 5 Year £1,995 fee by 0.25bps to 1.99%
• Reduced 75% LTV 5 Year £995 fee by 0.20bps to 2.14%

Core buy-to-let portfolio:

• Reduced 60% LTV 2 Year £1,995 fee by 0.16bps to 1.81%
• Reduced 60% LTV 5 Year £1,995 fee by 0.25bps to 2.08%
• Reduced 60% LTV 5 Year £995 fee by 0.20bps to 2.21%
• Reduced 75% LTV 2 Year £1,995 fee by 0.16bps to 1.84%
• Reduced 75% LTV 5 Year £1,995 fee by 0.25bps to 2.09%
• Reduced 75% LTV 5 Year £995 fee by 0.20bps to 2.24%

Virgin Money also announced product transfer changes yesterday which are effective now:

Core residential product transfers:

• Increased 65% LTV 5 Year fee-saver by 0.06bps to 1.70%
• Increased 85% LTV 2 Year £995 fee by 0.36bps to 2.35%
• Increased 85% LTV 2 Year fee-saver by 0.24bps to 2.68%
• Increased 85% LTV 3 Year £995 fee by 0.41bps to 2.54%
• Increased 85% LTV 3 Year fee-saver by 0.34bps to 2.87%
• Increased 85% LTV 5 Year £995 fee by 0.37bps to 2.59%
• Increased 85% LTV 5 Year fee-saver by 0.21bps to 2.78%
• Increased 90% LTV 3 Year fee-saver by 0.10bps to 2.98%