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.

Virgin has trimmed residential and buy-to-let rates by up to 0.11%.

Virgin Money has revealed a series of changes to its mortgage products, set to take effect from today (Thursday 26th June). 

The lender has also introduced new residential purchase exclusives.

The lender is also reducing rates across its residential range by up to 0.25%.

Shared ownership rates have seen the largest reductions.

Rates have reduced by up to 0.15%.

As part of the changes, all new Virgin Money residential and buy-to-let purchase products now include a free basic valuation.

£1m+ products have seen the largest rate increases.