Virgin Money has made a number of rate reductions on selected products. 

Key changes to the core residential mortgage product range:

• Three-year fixed rate at 65% LTV now available at 1.94% (£995 product fee)
• Five-year fixed rate at 65% LTV now available at 2.24% (£995 product fee)
• Five-year fixed rate at 65% LTV now available at 2.44% (No product fee)

Key changes to the core buy-to-let mortgage product range:

• Two-year fixed rate at 60% LTV now available at 1.89% (£1995 product fee, £750 cashback)
• Three-year fixed rate at 75% LTV now available at 2.89% (£1,995 product fee, £750 cashback)
• Five-year fixed rate at 70% LTV now available at 3.19% (£1,995 product fee, £750 cashback)

Key changes to the intermediary exclusive buy-to-let mortgage product range:

• Two-year fixed rate at 50% LTV now available at 1.87% (remortgage only, £1,995 product fee, £750 cashback)
• Five-year fixed rate at 50% LTV now available at 2.79% (remortgage only, £1,995 product fee, £750 cashback)

The intermediary exclusive products will be available through intermediaries registered with Virgin Money.

Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “Virgin Money is committed to supporting all segments of the mortgage market and these selected rate reductions, to both residential and buy-to-let products, help to demonstrate that.

“The improved buy-to-let rates on the three and five-year terms offer landlords more certainty of their mortgage repayment over a longer period.”