Virgin Money is reducing its Exclusive rates on Tuesday 31 January.

The lender said it was supporting homemovers and remortgage customers with lower prices.

Details are as follows:

Exclusive Purchase deals with free valuation:

• 65% LTV 5 Year Fixed Rate with £1,495 fee will be reduced by 0.11% to 4.17%
• 75% LTV 5 Year Fixed Rate with £1,495 fee will be reduced by 0.09% to 4.24%
• 85% LTV 5 Year Fixed Rate with £1,495 fee will be reduced by 0.14% to 4.43%
• 90% LTV 5 Year Fixed Rate with £1,495 fee will be reduced by 0.05% to 4.65%

Exclusive Purchase deals with £1,000 cashback and free valuation:

• 75% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.11% to 4.34%
• 85% LTV 5 Year Fixed Rate with £995 fee will be reduced by 0.12% to 4.55%

Exclusive Remortgage deals with cashback and free valuation:

• Selected 65-75% LTV 2 and 5 year fixed rates will be reduced by up to 0.10%
• BTL 50% LTV 5 Year Fixed Rate with £3,995 fee will be reduced by 0.20% to 4.59%
• BTL 60% LTV 5 Year Fixed Rate with £3,995 fee will be reduced by 0.20% to 4.64%

65-90% LTV 2 year fixed rate reductions of up to 0.18%:

• 75% LTV 10 Year Fixed Rate with £995 fee will be reduced by 0.11% to 3.99%
• 90% LTV 2 Year Fixed Rate with £995 fee will be reduced by 0.18% to 5.11%
• 90% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.13% to 5.41%

Product transfer reductions of up to 0.18%:

• 90% LTV 2 Year Fixed Rate with £995 fee will be reduced by 0.18% to 5.06%
• 65-90% LTV 2 and 3 year fixed rate fee-savers will be reduced by up to 0.13%
• 65% LTV 7, 10 and 15 year fixed rate fee-savers will be reduced by 0.10% to 4.19%