Virgin Money has made a number of rate cuts across its residential and buy-to-let range.

All products will be available from Tuesday 22 July 2014.

Key changes to the mortgage range include:

• Two-year fixed rate at 3.23% up to 85% LTV with a £995 product fee – a reduction of 25bps
• Two-year fixed rate at 4.29% up to 90% LTV with no product fee – a reduction of 20bps
• Three-year fixed rate at 4.68% up to 90% LTV with no product fee – a reduction of 20bps

Buy-to-let rate reductions

• Two-year fixed rate at 2.99% up to 60% LTV with a £1,995 product fee – a reduction of 10bps
• Three-year fixed rate at 3.19% up to 60% LTV with a £1,995 product fee – a reduction of 40bps
• Two-year tracker at 2.69% up to 60% LTV with a £995 product fee – a reduction of 40bps
• Two-year tracker at 3.39% up to 75% LTV with a £995 product fee – a reduction of 40bps

New buy-to-let intermediary exclusives

• Two-year fixed rate at 2.79% up to 60% LTV, with a £1,995 product fee
• Two-year fixed rate at 2.99% up to 60% LTV, with a £1,495 product fee
• Products available through all intermediaries registered with Virgin Money

Peter Rogerson, Virgin Money’s savings and mortgages director, said: “We’re delighted to make these changes to our mortgage products. The range has something for everyone, and the rate reductions are particularly beneficial for people with smaller deposits and buy-to-let investors.”