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

Residential changes:
90% LTV changes:

• two year fixed rates available at 4.35%
• three year fixed rates available at 4.59%
• five year fixed rates also available at 4.79%

85% LTV changes:

• two year fixed rates available at 3.74%
• three year fixed rates available at 3.95%
• five year fixed rates available at 4.15%

60% LTV changes:

• two year fixed rates available at 2.34%

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

Buy-to-let changes:

• Cashback incentive increased from £300 to £500
• Two year fixed rates will start from 3.59%
• Two year tracker rates available at 3.49%

Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We’re delighted to be able to reduce rates across our mortgage range.  We want to support customers across the market, and those with both smaller and larger deposits can benefit from these rate cuts.”