The lender has reduced its five-year fixed rate product to 2.85% with a £995 fee while its two-year fix is now available at 4.75% up to 90% LTV with a £995 fee.
Other products include a two-year tracker at 70% LTV with a £995 fee reduced to 2.29%.
Virgin will also offer its residential intermediary exclusive at 2.15%. The product is available at 60% LTV on loans up to £300,000 and comes with a £1,095 fee.
Selected buy-to-let products have been reduced by up to 0.36%.
Other changes include:
Residential
• Intermediary exclusive at 60% LTV reduced to 2.15% with a £1,095 fee
• Selected two-year fixed rates at 60% and 70% LTV reduced to 2.19% and 2.29%
• Five-year fixed rate at 70% LTV reduced to 2.85% with a £995 fee
• Two-year fixed rate at 90% LTV will be available at 4.75% with a £995 fee
• Two-year Tracker at 70% LTV with a £995 fee reduced to 2.29%
BTL
Selected BTL two- and three-year fixed rates with a £1,995 fee reduced by up to 0.36%:
• Two-year fixed rates will start from 3.48% at 60% LTV
• Three-year fixed rates will start from 3.59% at 60% LTV
• BTL Two-year tracker at 70% LTV with a £995 fee reduced by 0.10% to 3.99%
New BTL two- and five-year fixed rate exclusives with £2,495 fees:
• Two-year fixed rates will be available from 3.29% at 60% LTV
• Five-year fixed rates will be available from 3.89% at 60% LTV
