Virgin Money has made a series of rate reductions across its residential and buy-to-let mortgage range.

The new range will be available from Tuesday 23 March.

The reductions are as follows:

New Business:

Exclusive:

• £1,000 cashback 85% LTV 2 Year £995 fee reduced by 0.10 percentage points to 2.59% (Purchase Only)
• £1,000 cashback 90% LTV 2 Year £995 fee reduced by 0.06 percentage points to 3.23% (Purchase Only)

Core residential:

• 75% LTV 2 Year £995 fee reduced by 0.10 percentage points to 2.08%
• 85% LTV 2 Year £995 fee reduced by 0.10 percentage points to 2.54%
• 85% LTV 2 Year fee-saver reduced by 0.16 percentage points to 2.82%
• 85% LTV 3 Year £995 fee reduced by 0.06 percentage points to 2.80%
• 85% LTV 3 Year fee-saver reduced by 0.10 percentage points to 3.03%
• 85% LTV 5 Year £995 fee reduced by 0.06 percentage points to 2.80%
• 85% LTV 5 Year fee-saver reduced by 0.10 percentage points to 3.03%
• 90% LTV 2 Year £995 fee reduced by 0.06 percentage points to 3.18%
• 90% LTV 2 Year fee-saver reduced by 0.05 percentage points to 3.34%

Buy-to-let:

• 80% LTV 5 Year £995 fee reduced by 0.89 percentage points to 3.59%

Product Transfer:

Core residential:

• 85% LTV 2 Year fee-saver reduced by 0.02 percentage points to 2.82%

Buy-to-let:

• 80% LTV 2 Year £995 fee reduced by 0.06 percentage points to 3.59%
• 80% LTV 5 Year £995 fee reduced by 0.29 percentage points to 3.59%