Related topic: Virgin Money

Virgin Money has confirmed reductions to its standard variable and tracker mortgage rates following the Bank of England’s decision to cut base rate to 3.75%.

The lender has withdrawn its Retrofit Boost and Own New ranges as part of the latest update.

Rates have reduced by up to 0.19% across purchase, remortgage and product transfer.

Virgin has introduced several sub-4% mortgage rates after the latest round of reductions.

Virgin is launching new purchase, remortgage and product transfer deals to replace its previous ranges.

The lender has reduced residential and buy-to-let mortgage rates.

The lender has removed several sub-4% rates as part of the latest rate increases.

The lenders are changing the application window from six months to four months.

The move will accelerate Octopus Money's growth in the direct-to-customer wealth market.

Clydesdale has also introduced new fee offer products across its residential and buy-to-let ranges.