Virgin Money has made rate cuts to a selection of residential mortgage products. It has also made reductions across its Intermediary Exclusive range.

The revised Intermediary Exclusive products are now available to all intermediaries registered with a Virgin Money national account.

Key changes to the Larger Loan Intermediary Exclusive range:

• Two-year fixed rate at 65% LTV reduced to 1.55%, with a £1,495 product fee.
• Five-year fixed rate at 65% LTV reduced to 2.35%, with a £1,495 product fee.

The Larger Loan Intermediary Exclusives have a minimum loan size of £150,000.

Key changes to the general Intermediary Exclusive range:

• Two-year fixed rate at 65% LTV reduced to 1.72%, with a £995 product fee.
• Two-year fixed rate at 75% LTV reduced to 1.88%, with a £995 product fee.
• Five-year fixed rate at 65% LTV reduced to 2.43%, with a £995 product fee.
• Two-year fixed rate New Build special at 85% LTV available at 2.54%, with a £995 product fee and £500 cashback.

Virgin Money is also waiving the £99 application fee on selected 65%, 70% and 75% LTV intermediary exclusive products, for a limited period only.

Key changes to core residential range:

• Two-year fixed rate at 85% LTV reduced to 2.59% with a £995 product fee.

Key changes to the buy-to-let range:

• Buy-to-let two-year fixed rate at 60% LTV reduced to 2.39% with a £1,995 product fee and £500 cashback.
• Buy-to-let five-year fixed rate at 60% LTV reduced to 3.55% with a £1,995 product fee and £500 cashback.

“The rate reductions we have announced today continue to reinforce Virgin Money’s commitment to all segments of the mortgage market and to our intermediaries,” said Peter Rogerson, Virgin Money’s mortgage director.

“We have also waived the £99 application fee on selected low LTV intermediary exclusive products. The improvements we have made will help customers benefit from some of the most competitive deals in the current market.”