The lender has cut rates by up to 0.16 per cent on select two and five-year fixes between 75 and 90 per cent loan to value (LTV).
At the same time, Virgin has also launched a two-year 75 per cent LTV remortgage fixed at 5.43 per cent with a £995 fee and £500 cashback.
The lender has also launched four new deals at 65 per cent LTV, including two year fixes of 5.59 per cent and 5.93 per cent, with a £995 fee and fee-free respectively.
A raft of rate reductions
The move comes on the back of a flurry of rate reductions and increased product choice across the market.
Earlier this week Skipton reduced rates and brought back new deals and Nationwide cut switcher rates.
Buckinghamshire Building Society rejoined the shared ownership sector and Hanley Economic Building Society also added three new deals.
The changes mark a welcome return of competition after lenders abruptly pulled products and hiked rates after the mini Budget in September.
