Key changes to the mortgage range include improvements for customers with lower deposits, including a new two-year fixed rate at 3.23% up to 85% LTV - a reduction of 0.25%, a two-year fixed rate at 4.29% up to 90% LTV with no product fee – a reduction of 0.20% and three-year fixed rate at 4.68% up to 90% LTV – a reduction of 0.20%.
Their buy-to-let rate reductions cut the rate on their two-year fix up to 60% by 0.10% and the rates on a number of fixed and tracker mortgages by 0.40%.
New buy-to-let intermediary exclusives are a two-year fixed rate at 2.79% up to 60% LTV, with a £1,995 product fee, and a two-year fixed rate at 2.99% up to 60% LTV, with a £1,495 product fee.
Peter Rogerson, Virgin Money Savings and Mortgages Director said:
“We’re delighted to make these changes to our mortgage products. The range has something for everyone, and the rate reductions are particularly beneficial for people with smaller deposits and buy-to-let investors.”