Three-year residential fixed rates are now available from 1.94% at 65% LTV, with a £995 product fee, while five-year residential fixes start from 2.24%.
Buy-to-let mortgage products have been cut to 1.89% at 60% LTV. Virgin's three-year at 75% LTV is available at 2.89% while its 70% LTV five-year fix has been cut to 3.19%.
Virgin has also launched two buy-to-let intermediary exclusives available from 50% LTV. For remortgage only, the two-year fixed rate is available from 1.87% and the five-year fix from 2.79%.
Peter Rogerson, Virgin Money’s Commercial Director for Mortgages, said:
“Virgin Money is committed to supporting all segments of the mortgage market and these selected rate reductions, to both residential and buy-to-let products, help to demonstrate that. The improved buy-to-let rates on the 3 and 5 year terms offer landlords more certainty of their mortgage repayment over a longer period.”