Virgin Money has cut interest rates across a selection of its Northern Rock residential and buy-to-let mortgage products.

Two-year fixed rates at 60% LTV are now available to both purchase and remortgage customers at 2.89% with a product fee, or 3.29% with no product fee.

As with all other products in the core range, customers remortgaging from another lender will benefit from free standard legal services and a free basic valuation.

Two-year, three-year and five-year fixed rates have been reduced across the 60% and 70% LTV tiers. Selected two-year and three-year trackers have also been reduced by up to 0.26 percentage points.

Cashback of up to £300 also remains available on a selection of residential purchase products.

The Northern Rock buy-to-let two-year fixed rate at 60% LTV with a product fee of £1,995 has been cut by 0.20 percentage points to 3.79%. The buy-to-let range continues to offer cashback of £500 across all products.