The lender has reduced residential and buy-to-let rates by up to 0.29%.

HSBC is also introducing a new high value mortgage range from £2 million.

The Bank has reduced residential mortgage rates by up to 0.50%.

Each product comes with a reduced £595 product fee.

The latest reductions cover Virgin's residential purchase and remortgage ranges.

Rates now start from 3.59%.

Retirement interest-only rates have seen the largest reductions.

The product also offers brokers a £70 referral fee.

Rates now start from 4.04%.

Sidney Wager, head of intermediary market development at Barclays, says that while Q2 showed promising signs of growth and stability across the remortgage market, market volatility...