Virgin Money has announced it is making changes to its residential mortgage range, effective from tomorrow (30 November).

For remortgage exclusives, the 65% loan-to-value (LTV) five-year fixed rate with a £995 fee has been reduced by 0.10% to 4.83%.

The 75% LTV five-year fix with a fee of £995 has also been reduced by 10 basis points to a new rate of 4.88%.

The core residential range has also seen rate reductions. The 65% LTV five-year fix with no fee has been adjusted to 4.89%, down by 0.10% while the 75% LTV is now set at 4.99%.

The 85% LTV two-year fixed rate with no fee has been reduced by 0.31% to 5.78%.

The 90% LTV five-year fix with a £995 fee has gone down by 0.30% to 5.19%.

Last week, Virgin scrapped its minimum income requirement for interest coverage ratio for buy-to-let applications.