Fee reductions of up to 0.12% have been applied to the lender’s core residential two, three and five-year fixed products. Products in its fixed buy-to-let range have been cut by between 0.04% and 0.30%.

Meanwhile, LTVs of 85% are now available on the newly-launched two and three year fixed-rate deals, Virgin Money announced. These come with a £995 fee and a fee saver option.

The changes are effective from today.