Virgin Money has reduced rates across its buy-to-let and residential products by up to 0.45%, covering remortgage, exclusive and product transfer ranges.
Rates have been reduced by up to 15bps for exclusive remortgage products at 80% LTV. Two-year fixes now start at 5.29% with an £895 fee or 5.69% fee-free, with five-year fixes are down to 4.80% with a fee and 4.97% without a fee.
In the exclusive purchase range, five-year fixed rates at 80% LTV will start from 4.52% with a £895 fee and 4.62% without a fee. Both also come with £300 cashback.
Virgins core purchase range will also see rate reductions. The recently launched Retrofit Boost product with five-year fixed rates will be reduced by up to 0.20%, with rates starting from 4.79%.
Own new fixed rates have been cut by up to 0.30%, with rates starting from 0.84%. Selected Fix & Switch fixed rates have decreased by up to 0.10% and will now start from 5.29%.
Purchase fixed rates with a £995 will be lowered by up to 0.30% and will now start from 4.39%. Products without a fee are also being decreased by 30bps and will start from 4.54%.
85% LTV Shared Ownership fixed rates will be reduced by 0.10% and 75% LTV £1m+ fixed rates are down by up to 0.20%.
Green Purchase fixed rates will be reduced by up to 0.25% and cashback increased to £500, with rates starting from 4.39%.
In the remortgage range, Retrofit Boost five-year fixes have reduced by up to 0.20%, selected Fix & Switch rates by up to 0.15%, and £1m+ products by up to 0.11%.
Standard remortgage fixed rates with a £995 fee have decreased by up to 0.40%, with rates now starting from 4.39%, while products without a fee have been reduced by up to 0.45%, now starting at 4.59%.
Selected buy-to-let rates with 1% and 3% fees have reduced by up to 0.10%, while selected residential and buy-to-let product transfer rates have also reduced by up to 0.10%.
