Virgin cuts residential and buy-to-let rates by up to 0.65%

Virgin Money has announced a new round of rate reductions across its residential and buy-to-let ranges.

In its residential range, remortgage exclusives have reduced by up to 0.54%, with the largest reductions to five-year fixed rates which now start from 4.19% with a £995 fee and 4.39% fee-free.

In addition, two-year fixed rates with a £995 fee are reducing by up to 0.29% and now start from 4.64%.

For purchase and remortgage £1m+ exclusives, 75% LTV two and five-year fixes with a £1,995 fee are down by up to 0.40%, starting from 4.37%.

In Virgin's exclusive buy-to-let range, two and five-year fixed rates with a £2,195 fee have decreased by up to 0.32% and now start from 4.51% and 4.20% respectively.

Two-year fixes with a 1% fee have been cut by up to 0.65% and now start from 4.64%, while five-year fixes with a 1% fee are down by up to 0.30% and now start from 4.34%.

With a 3% fee, two and five-year fixes have decreased by up to 0.45% and now start from 3.87% and 3.97% respectively.

As part of the changes, Virgin has withdrawn a selection of purchase and remortgage exclusives.