Virgin Money has made a series of reductions to its residential and buy-to-let mortgages.

The changes are as follows:

New business:

Exclusive purchase £1000 cCashback:

• 75% LTV 5 Year £995 fee reduced by 0.14 percentage points to 1.60%
• 85% LTV 2 Year £995 fee reduced by 0.10 percentage points to 2.49%
• 85% LTV 5 Year £995 fee reduced by 0.02 percentage points to 2.77% 

Exclusive purchase buy-to-let £1,000 cashback:

• 75% LTV 2 Year £1,995 fee reduced by 0.07 percentage points to 1.84%

Exclusive purchase buy-to-let portfolio £1000 cashback:

• 75% LTV 2 Year £1,995 fee reduced by 0.07 percentage points to 1.94%

Core residential:

• 75% LTV 5 Year £995 fee reduced by 0.14 percentage points to 1.54%
• 85% LTV 2 Year £995 fee reduced by 0.05 percentage points to 2.43%
• 85% LTV 3 Year £995 fee reduced by 0.01 percentage points to 2.75%
• 85% LTV 5 Year £995 fee reduced by 0.01 percentage points to 2.75%

Core buy-to-let:

• New 80% LTV 2 Year £995 fee launched at 3.36%

Product transfer:

Core residential:

• 75% LTV 5 Year £995 fee reduced by 0.14 percentage points to 1.54%
• 85% LTV 2 Year £995 fee reduced by 0.05 percentage points to 2.43%

Core buy-to-let:

• 80% LTV 2 Year £995 fee reduced by 0.23 percentage points to 3.36%