The revised products will be available from Friday 15 August 2014.
Key changes within the two-year fixed rate range include reductions of up to 0.80%, 0.45% on the three year range, and 0.50% on the five year fixed range.
Its two year trackers are reduced by up to 0.40%.
Virgin Money has also announced some changes across its residential mortgage range.
Peter Rogerson, Virgin Money’s Savings and Mortgages Director said:
“We’re delighted to announce these rate reductions and increase the competitiveness of our mortgage range for our customers, while retaining our offer of £500 cashback across the entire buy-to-let range.”
