Virgin Money is set to reduce rates across a number of its fixed mortgage products tomorrow (Thursday 3 July).

The lender is trimming rates by up to 0.11% across both residential and buy-to-let offerings, including its exclusive purchase and product transfer deals.

In its exclusive purchase range, the 75% LTV five-year fixed rate with a £895 fee will fall by 0.05% to 4.09%.

Similarly, 80% LTV two- and five-year fixed rates will be reduced by up to 0.05%, starting from 4.10%, while the 85% LTV five-year fixed with a £895 fee will drop by 0.05% to 4.19%.

Buy-to-let products are also seeing adjustments. Selected two- and five-year fixed rates with a 3% fee will fall by up to 0.04%, starting from 2.98%, while those with a 1% fee will be reduced by 0.08%, beginning at 3.93%.

Fixed rates with a £2,195 fee will decrease by up to 0.08%, starting from 3.92%, and those with a £995 fee will fall by 0.08% to start at 4.16%.

Fee-saver fixed rates will also see a 0.08% cut, starting at 4.47%.

Product transfer customers will benefit from reductions of up to 0.11% on selected 65% LTV two-, three- and five-year fixed rates, which will start at 3.86%.

Buy-to-let product transfers will be cut by 0.08%, with rates starting from 3.77%.