Virgin Money has announced rate reductions across select mortgages, with cuts up to 0.14%.
The changes will go live on 18 February, and include reductions of up to 0.05% to select two- and five-year fixes at 80% loan to value (LTV), to start from 4.44%.
At 90% LTV, two-year fixed rates with a £995 fee will be cut by 0.07% to 4.99%, while Fix and Switch rates at 95% LTV will be lowered by as much as 0.14% and start at 5.47%.
Virgin Money will also lower its two-year fixed fee-saver rates by up to 0.09%, for pricing to begin at 5.47%. Its five-year fixed rates at the same tier have been cut by 0.2% and start at 5.22%.
At 90% LTV, the lender’s two-year fixed Own New products will go down by 0.07% and start at 2.33%.
For buy-to-let (BTL) borrowers, Virgin Money will cut two-year fixed rates at 75% LTV with a 3% fee by 0.05% to 3.82%.
How the housing landscape is set to shift
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These changes follow reductions made by the lender last week.
