Virgin Money is making a series of rate reductions to its fixed rate mortgage products.

The changes will take place on Thursday 19 September.

They are as follows:

Purchase

• 95% LTV fee-savers, now with free valuation and £300 cashback, will be reduced by up to 0.11%, starting from 5.03%.
• Selected Fix and Switch rates will be reduced by up to 0.11%, starting from 4.93%.
• Exclusive 80% LTV rates will be reduced by up to 0.16%, starting from 4.12%.
• Selected Core 2, 3 & 5 year rates will be reduced by up to 0.11%, starting from 3.94%.
• Selected Shared Ownership rates will be reduced by up to 0.20%, starting from 4.12%.
• Selected Own New rates will be reduced by up to 0.10%, starting from 0.35%.
• 5 Year Retrofit Boost rates will be reduced by 0.05%, starting from 4.24%.
• £1m+ rates will be reduced by up to 0.10%, starting from 4.09%.

Remortgage

• Exclusive 80% LTV rates will be reduced by up to 0.10%, starting from 4.43%.
• 5 Year Retrofit Boost rates will be reduced by 0.05%, starting from 4.24%.

Buy-to-let

• Fix and Switch rates will be reduced by up to 0.18%, starting from 4.74%.
• 5 year rates with 3% fee will be reduced by 0.05%, starting from 3.80%.
• Selected 60% & 75% LTV rates with 1% fee will be reduced by up to 0.17%, to 4.17%.
• Rates with £2,195 fee will be reduced by up to 0.10%, starting from 4.02%.
• Selected 60% & 75% LTV rates with £995 fee will be reduced by up to 0.13%, starting from 4.27%.
• Fee-savers will be reduced by up to 0.08%, with rates starting from 4.50%.
• 75% LTV 5 Year Retrofit Boost rate will be reduced by 0.05%, to 4.60%.

Product Transfer

• Selected 65% & 75% Product Transfer rates will be reduced by up to 0.06%, starting from 3.85%.
• Select BTL Product Transfer rates will be reduced by up to 0.13%, starting from 3.99%.

The lender has also increased the following rates:

• 80% LTV BTL 5 Year Fixed Rate with £995 fee has been increased by 0.20%, to 5.27%.
• 80% LTV BTL 5 Year Fixed Rate with 1% fee has been increased by 0.20%, to 5.20%.