Virgin Money has made a series of rate reductions in its range of residential and buy-to-let mortgage products.

The changes are effective from 27 November.

The rate reductions include the following:

Intermediary Exclusive:

• Reduced 65% LTV 5 Year £1,495 fee by 0.03 percentage points to 1.39% (purchase and remortgage options)

Core Residential:

• Reduced 65% LTV 5 Year £995 fee by 0.16 percentage points to 1.45%
• Reduced 85% LTV 3 Year £995 fee by 0.15 percentage points to 3.09%
• Reduced 85% LTV 5 Year £995 fee by 0.15 percentage points to 3.09%

Core Buy-to-let:

• Reduced 60% LTV 2 Year £995 fee by 0.07 percentage points to 1.94%
• Reduced 60% LTV 5 Year £1,995 fee by 0.11 percentage points to 1.87%
• Reduced 60% LTV 5 Year £995 fee by 0.23 percentage points to 1.88%
• Reduced 75% LTV 2 Year £995 fee by 0.06 percentage points to 1.98%

Core Buy-to-let Portfolio:

• Reduced 60% LTV 2 Year £995 fee by 0.07 percentage points to 2.04%
• Reduced 60% LTV 5 Year £1,995 fee by 0.11 percentage points to 1.97%
• Reduced 60% LTV 5 Year £995 fee by 0.23 percentage points to 1.98%
• Reduced 75% LTV 2 Year £995 fee by 0.06 percentage points to 2.08%

Help to Buy:

• Reduced 55% LTV 5 Year £995 fee by 0.02 percentage points to 2.17%
• Reduced 75% LTV 5 Year £995 fee by 0.02 percentage points to 2.17%

Shared Ownership:

• Reduced 90% LTV 2 Year £995 fee by 0.25 percentage points to 3.39%