Mortgage Solutions reported on Monday that the lender had increased its SVR for new buy-to-let customers, who will now revert to a rate of 4.99% rather than 4.79% at the end of their initial period.
That change coincided with a refresh of the lender’s buy-to-let offering and Virgin has followed that announcement with a rate cut across its residential range.
Rates for higher LTV products have been reduced by up to 0.20%, including a two-year fix at 90% which is now available at 4.55%.
Tracker rates now start from 1.94% while reductions have also been made to Virgin Money’s fee-free range.
Peter Rogerson, commercial director for mortgages and savings at Virgin Money, said: “We are pleased to announce these latest mortgage rate reductions, which help borrowers across a range of circumstances.”