Virgin Money is cutting rates on a number of residential and buy-to-let mortgages from today, with new rates starting from as low as 1.89%.
Rates on some deals have been cut by up to 0.25%.
In a bid to help buyers with smaller deposits, Virgin is also offering competitive fixed rates up to 90% LTV.
Highlights include a cut in its two-year fixed rate 90% LTV mortgage to 4.29%, with a £995 fee.
It is also cutting rates by up to 0.25% on selected fixed rates and trackers at 70% and 75% LTV.
The range includes a two-year fixed rate product at 2.29% up to 75% LTV with a £995 product fee.
It also has a two-year tracker at 1.89% up to 70% LTV, with a £995 product fee.
Virgin has also improved its fee-saver products, with a new three-year fixed rate at 2.59% up to 70% LTV with no fee, and a five-year fixed rate at 3.19% up to 70% LTV with no fee.
Peter Rogerson, commercial director for mortgages and savings at Virgin Money said: “We are pleased to announce these latest mortgage rate changes, which will help borrowers across a range of circumstances.”
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