Virgin Money cuts rates by up to 0.26pc

The revised products will be available from today and include a 90% loan-to-value at 3.89% with no product fee – a reduction of 0.26%.

There is also a 3-year fixed rate at 90% LTV at 4.49% with no product fee – a reduction of 0.19%.

The key change to intermediary exclusive products is a reduction of 0.19% to the residential 2-year fixed rate at 60% LTV with a £995 product fee which is now at 1.89%.

Furthermore, on larger loan exclusive products there is now a 2-year fixed rate at 60% LTV at 1.79% with a £1,995 product fee – a reduction of 0.15%.

The larger loan exclusive products are available on loans between £150,000 and £1,000,000.

Peter Rogerson, Virgin Money’s savings and mortgages director said: “The reductions we have made across our mortgage range are great news for borrowers and demonstrate our commitment to providing our intermediary partners with great deals.

“They help a range of customers from those with larger deposits to those looking to get their first foot on the housing ladder.”

The intermediary exclusive range will be available for a limited period only, through all intermediaries registered with a Virgin Money national account.