The changes will see buy-to-let rates start from 1.84% and cashback rise from £500 to £750.
Highlights from the residential rate cuts include; two-year fixed rates at 90% loan-to-value (LTV) reduced by up to 0.25%, starting from 2.63% and five-year fixed rates at 90% LTV reduced by up to 0.21% now starting from 3.45%.
Additions to its buy-to-let range include a two-year fixed rate at 60% LTV launched at 1.84% with a £2,495 product fee and £750 cashback.
Peter Rogerson, Virgin Money’s commercial director for Mortgages, said: “We are delighted to continue to support the mortgage market through the introduction of our competitive new range, across both the residential and buy-to-let sectors. We have increased the cashback we offer across our intermediary exclusive buy-to-let range for a limited period, and we are continuing to support landlords with this latest round of improvements to our products which are available through all of our intermediary partners.”
