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Virgin Money cuts interest rates by up to 0.15%

Virgin Money has reduced interest rates on purchase, mortgage and buy-to-let (BTL) limited products.

The company's remortgage products offer up to 0.15% reductions on selected two- and five-year fixed rates, with rates starting at 3.96%.

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Transitional two-, three-, and five-year fixed rates on some products will also be reduced by 0.15%, with rates starting at 3.79%.

Meanwhile, the five-year fixed purchase fee saver for 95% loan-to-value (LTV) decreased by 0.04% to 4.99%, and the two-year fee saver decreased by 0.06% to 5.58%.

For BTL only, 2- and 5-year fixed interest rates with 1% commission are reduced by up to 0.14% from 4.07%.

Additionally, selected 2- and 5-year fixed rates with 3% fees are reduced by up to 0.07% from 3.73%.

The five-year fixed rate at 75% LTV (fee of £2,195) is reduced by 0.02% to 4.16%.

The lender said early repayment fees had been reviewed as part of the changes.

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