Virgin Money has cut a number of rates across its residential and buy-to-let mortgage ranges. 

Key changes include:

For customers with smaller deposits

• Two-year fixed rate at 3.15% up to 85% LTV with a £995 product fee – a reduction of 8bps
• Two-year fixed rate at 5.39% up to 95% LTV with no product fee – a reduction of 20bps

For customers with larger deposits

• Five-year fixed rate at 3.49% up to 75% LTV with no product fee – a reduction of 15bps

Buy-to-let rate reductions

• Two-year fixed rate at 2.75% up to 60% LTV with a £1,995 product fee – a reduction of 24bps
• Three-year fixed rate at 3.49% up to 60% LTV with a £995 product fee – a reduction of 30bps
• Two-year fixed rate at 3.19% up to 70% LTV with a 2.0% product fee – a reduction of 40bps
• Two-year tracker at 2.49% up to 60% LTV with a £995 product fee – a reduction of 20bps

Peter Rogerson, Virgin Money’s savings and mortgages director, said: “We’re delighted to make these rate reductions across our mortgage range which is beneficial for all types of borrower.

“The rate reductions show that Virgin Money remains committed to supporting all key areas of the mortgage market.”