Virgin Money cuts mortgage rates by 0.20pc

The lender’s 2-year fixed rate products are now available from 3.55% for both purchase and remortgage customers.

Longer 5-year fixed rate deals are available from 4.09%.

The range also features buy-to-let products for both purchase and remortgage customers from 3.85%.

For customers remortgaging from another lender, free standard legal services and a free basic valuation are also available.

The buy-to-let range also includes a cashback incentive of £500 on completion, in order to help customers cover the costs associated with enhancing their portfolio.