Virgin Money has announced reductions across its residential mortgage range, including exclusive purchase deals, core purchase products, remortgage options and product transfers.
The lender confirmed that a number of exclusive products will also be withdrawn at 8pm today.
In the exclusive purchase range, Virgin Money will reduce its 80% LTV 2-year fixed rate with a £895 fee by 0.07% to 3.86%, while the 80% LTV 2-year fixed fee-saver will fall by 0.08% to 4.05%.
The 90% LTV 2-year fixed fee-saver will drop by 0.09% to 4.23%. Among 5-year fixes, the 75% LTV option with a £895 fee will be reduced by 0.10% to 3.89%, and the 80% LTV version by the same margin to 3.99%.
The 75% LTV 5-year fixed fee-saver will fall by 0.14% to 3.99%, the 80% LTV fee-saver will reduce by 0.10% to 4.07%, and the 90% LTV fee-saver will decrease by 0.03% to 4.31%.
Across the main purchase range, 2-year fixes with a £999 fee will be reduced by up to 0.16%, starting from 3.91%, while 2-year fee-savers will fall by up to 0.17%, starting from 4.11%.
5-year fixed rates with a £999 fee will be cut by up to 0.25%, starting from 4.00%, and 5-year fee-savers will reduce by up to 0.26%, starting from 4.07%. Selected Shared Ownership fixed rates will fall by up to 0.14%, starting from 4.03%.
Remortgage products will also see rate cuts. Selected 2-year fixes with a £999 fee will be reduced by up to 0.09%, starting from 3.84%, with the equivalent fee-saver options also reduced by up to 0.09%, starting from 4.18%.
Selected 5-year fixes with a £999 fee will fall by up to 0.09%, starting from 3.92%, as will the 5-year fee-savers, starting from 4.09%.
Product transfer rates will reduce by up to 0.07% for 2-year fixes, starting from 3.55%, by up to 0.10% for 3-year fixes, starting from 3.80%, and by up to 0.10% for 5-year fixes, starting from 3.66%.
Virgin Money will also withdraw several exclusive products at 8pm. In the exclusive purchase range, the 85% LTV 5-year fixed rate with a £895 fee at 4.17% will be withdrawn, alongside all Retrofit Boost and Own New deals.
Retrofit Boost deals will also be withdrawn from the exclusive remortgage and exclusive buy-to-let ranges.
