Virgin Money is making changes to its residential and buy-to-let range tomorrow (Friday 31 March).

It is reducing the rates on the following products:

Exclusives

• 65% LTV Purchase 5 Year Fixed Rate with £1,495 fee will be reduced by 0.14% to 3.90%.
• 65% LTV Remortgage 5 Year Fixed Rate with £995 fee will be reduced by 0.21% to 3.91%.
• 85% LTV Purchase 5 Year Fixed Rate with £1,495 fee will be reduced by 0.03% to 4.22%.
• 90% LTV Purchase 5 Year Fixed Rate with £1,495 fee will be reduced by 0.02% to 4.41%.
• Selected fixed rates will be reduced by up to 0.20%.

Core

• 65% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.15% to 3.95%.
• 65% LTV 5 Year Fixed Rate fee-saver will be reduced by 0.10% to 4.14%.
• 85% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.03% to 4.27%.
• 90% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.02% to 4.47%.
• Selected fixed rates will be reduced by up to 0.15%.

BTL Core and Exclusives

• 50% LTV 2 Year Fixed Rate with a £3,995 fee will be reduced by 0.11% to 4.07%.
• 50% LTV 5 Year Fixed Rate with a £3,995 fee will be reduced by 0.10% to 4.10%.
• Selected fixed rates will be reduced by up to 0.10%.

Product Transfer

• Selected residential and BTL fixed rates will be reduced by up to 0.33%.

At 8pm tonight Virgin Money is also making the following changes:

• Exclusive residential 75% LTV Purchase 2 Year Fixed Rate with a £1,495 fee will be increased by 0.10%.
• Selected product transfer fixed rates will be increased by up to 0.10%.

Richard Walker, head of intermediary sales at Virgin Money, said: “We have made a number of reductions across our residential and buy-to-let range supporting all segments of the market including those customers who may be looking to make the next step on the housing ladder. For those customers looking for longer term security we have a new five year fixed rate at sub 4% at 65% LTV.”