Virgin Money has reduced rates across its residential core and broker exclusive mortgage ranges by up to 0.28%.
Across its purchase range with a £995 fee, two and five-year rates at 85% LTV have reduced by 20bps, now available at 4.74% and 4.34% respectively. At 90% LTV, rates have reduced by up to 17bps with a two-year fix reduced to 5.14% and five-year fix to 4.59%.
Its fee-saver products have reduced by up to 0.28%, with the largest reduction to a 90% LTV five-year fix, down to 4.72%. The two-year equivalent product has reduced to 5.39%. At 85% LTV, a two-year fix is down by 14bps to 5.05% and a five-year fix has decreased by 15bps to 4.54%. Two and five-year rates at 95% LTV have reduced to 5.68% and 5.14% respectively.
In Virgin's exclusive purchase range, 80% LTV two and five-year fixed rates with an £895 fee have reduced to 4.63% and 4.22%, while fee-saver equivalents are down to 4.88% and 4.32%. A 90% LTV five-year professional product has also reduced by 0.28% to 4.71% with no fee.
All products come with £300 cashback.
As part of the changes, selected shared ownership rates have reduced by up to 0.24% and now start from 4.29%.
Selected Own New rates will be reduced by up to 0.20%, now starting from 0.45%. The products offer reduced mortgage rates for new build customers by investing homebuilder incentive budgets into the mortgage upfront, typically up to 5% of the property purchase price.
Selected Retrofit Boost rates are down by up to 0.20%, with rates starting from 4.29%.
Buy-to-let rates across various fee structures have reduced by up to 14bps, with rates available from 4.17%.
In addition, selected residential and buy-to-let product transfer rates are down by up to 0.15%, with 65% and 75% LTV residential products now available from 3.94%.
