Virgin Money has made a number of rate reductions across its residential and buy-to-let mortgage ranges. 

Key changes to the residential core range:

• Two-year fixed rate at 90% LTV at 3.89% (no product fee) – a reduction of 0.26 percentage points
• Three-year fixed rate at 90% LTV at 4.49% (no product fee) – a reduction of 0.19 percentage points
• Five-year fixed rate at 70% LTV at 2.99% (£995 product fee) – a reduction of 0.19 percentage points
• Two-year tracker at 70% LTV at 1.65% (£995 product fee) – a reduction of 0.10 percentage points

Key changes to intermediary exclusive products:

• Residential two-year fixed rate at 60% LTV at 1.89% (£995 product fee) – a reduction of 0.19 percentage points
• Residential three-year fixed rate at 60% LTV at 2.39% (£995 product fee) – a reduction of 0.15 percentage points
• Buy-to-let two-year fixed rate at 60% LTV at 2.58% (£1,995 product fee) – a reduction of 0.07 percentage points
• Buy-to-let two-year fixed rate at 70% LTV at 2.69% (£1,995 product fee) – a reduction of 0.05 percentage points

Key changes to larger loan exclusive products:

• Two-year fixed rate at 60% LTV at 1.79% (£1,995 product fee) – a reduction of 0.15 percentage points
• Three-year fixed rate at 60% LTV at 2.29% (£1,495 product fee) –  a reduction of 0.16 percentage points
• Four-year fixed rate at 60% LTV at 2.78% (£995 product fee) – a reduction of 0.07 percentage points
• Five-year fixed rate at 60% LTV at 2.79% (£1,495 product fee) – a reduction of 0.20 percentage points

The larger loan exclusive products are available on loans between £150,000 and £1,000,000.

Peter Rogerson, Virgin Money’s savings and mortgages director, said: “The reductions we have made across our mortgage range are great news for borrowers and demonstrate our commitment to providing our intermediary partners with great deals.

“They help a range of customers from those with larger deposits to those looking to get their first foot on the housing ladder.”