Virgin Money has made a number of changes across its residential mortgage range. 

Key residential changes:

60% LTV changes:

• Two year fixed rates available at 2.25% – a reduction of 0.03 percentage points

70% LTV changes:

• Three year fixed rates available at 2.54% – a reduction of 0.15 percentage points
• Five year fixed rates available at 2.94% – a reduction of 0.05 percentage points

75% LTV changes:

• Two year fixed rates available at 2.55% – a reduction of  0.19 percentage points
• Three year fixed rates available at 2.79% – a reduction of 0.46 percentage points
• Five year fixed rates available at 3.09% – a reduction of 0.20 percentage points
• Three year everyday tracker rates available at 2.79% – a reduction of 0.46 percentage points

A £995 product fee is payable on all the above products.

Buy-to-let changes:

• Cashback incentive increased from £500 to £750 on products with a percentage fee of 2.5% or 2.0%
• Two year fixed rates will start from 3.39% (with a 2.5% product fee)
• Five year fixed rates available at 4.29% (with a £1,995 product fee)
• Two year tracker rates available at 3.39% (with a 2.5% product fee)