Virgin Money is making a series of changes to its buy-to-let and residential mortgage range.

The changes take effect from tomorrow (Friday 10 March) for buy-to-let and tonight for residential rates.

Remortgage Exclusives:

• Buy-to-let 50% LTV 2 Year Fixed Rate with £3,995 fee will be reduced by 0.45% to 4.18%.
• Buy-to-let 60% LTV 2 Year Fixed Rate with £3,995 fee will be reduced by 0.45% to 4.28%.
• Buy-to-let 50% LTV 5 Year Fixed Rate with £3,995 fee will be reduced by 0.34% to 4.20%.
• Buy-to-let 60% LTV 5 Year Fixed Rate with £3,995 fee will be reduced by 0.34% to 4.25%.
• Buy-to-let Portfolio 2 and 5 year fixed rates with £3,995 fee will be reduced by up to 0.45%.
• New residential 75% LTV 7 Year Fixed Rate fee-saver at 4.34%.

Residential purchase Exclusives:

• Selected 2 and 5 year fixed rates will be reduced by up to 0.10%.

Core:

• New residential 3 year fixed rates up to 90% LTV starting from 4.46%.
• Selected residential and buy-to-let 2 and 5 year fixed rates will be reduced by up to 0.33%.

We’re also making the following changes at 8pm tonight:

Residential Exclusives:

• Selected remortgage 2 and 5 year fixed rates will be increased by up to 0.15%.
• Selected purchase 2 and 5 year fixed rates will be increased by up to 0.05%.

Core residential:

• 75% LTV 10 Year Fixed Rate with £995 fee will be increased by 0.20%.
• Selected 2 year fixed rates will be increased by up to 0.04%.

Richard Walker, head of intermediary sales at Virgin Money, said: “We know landlords looking for a new deal have seen market challenges over the last six months as rates have increased.

“To assist buy-to-let customers we have made some reductions to our range with rates starting from 4.18% with a £3,995 fee.”