Virgin Money is introducing new exclusive buy-to-let fixed rates on Wednesday 9 October.

It is also cutting exclusive buy-to-let remortgage rates.

The changes are as follows:

Exclusive Buy-to-let:

• New 60% LTV 2 Year Fixed Rate with £2,195 fee, at 4.19%.
• New 75% LTV 2 Year Fixed Rate with £2,195 fee, at 4.39%.
• 60% LTV 2 Year Fixed Rate with 3% fee will be reduced by 0.25%, to 3.57%.
• 75% LTV 2 Year Fixed Rate with 3% fee will be reduced by 0.24%, to 3.72%.
• 75% LTV 5 Year Fixed Rate with 3% fee will be reduced by 0.05%, to 3.78%.
• 60% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.21%, to 4.34%.
• 75% LTV 2 Year Fixed Rate with 1% fee will be reduced by 0.06%, to 4.54%.
• Fix and Switch rates with £495 fee will be reduced by up to 0.15%, with rates starting from 4.64%.
• Fix and Switch fee-saver will be reduced by up to 0.04%, with rates starting from 4.90%.

Exclusive Remortgage:

• 75% LTV Fix and Switch fee-saver will be reduced by 0.10%, to 4.65%.
• 85% LTV Fix and Switch fee-saver will be reduced by 0.10%, to 5.24%.

Exclusive Purchase:

• 90% LTV Fix and Switch fee-saver will be reduced by 0.10%, to 5.24%.

Virgin Money is also be making these changes:

• Buy-to-let fixed rates with £995 fee will be reduced by up to 0.20%, starting from 4.19%.
• Buy-to-let 75% LTV 2 Year Fixed Rate fee-saver will be reduced by 0.02%, to 5.03%.
• 90% LTV Purchase Fixed Rate fee-saver will be reduced by 0.10%, to 5.19%.
• 85% and 90% LTV Remortgage fixed rates will be reduced by up to 0.20%, starting from 4.44%.
• 80%, 85% and 90% LTV Product Transfer rates will be reduced by up to 0.26%, starting from 4.41%.
• Select Buy-to-let Product Transfer rates will be reduced by up to 0.15%, starting from 3.89%.