Virgin Money has reduced rates across its mortgage range and launched a range of residential and buy-to-let (BTL) remortgage exclusives.

The deals will be available for seven days, until 8pm on Thursday 17 August.

Two-year fixed rate deals are available at 5.99% at 65% loan-to-value (LTV) and 6.10% at 80% LTV.

Meanwhile, five-year fixed deals are available for 5.44% at 65% LTV and 5.60% at 80% LTV.

All of the above come with a £1,495 fee and £750 cashback.

In addition, Virgin Money has launched a series of BTL remortgage deals starting at 5.32% for a five-year fix at 50% LTV.

The remortgage deals include free valuation and legals and come with a £2,195 fee.

A two-year fixed at 70% LTV is available at 5.88% with a £2,195 fee.

The company has also reduced rates for two-year fixed deals at 50% and 60% LTV to 5.76% and 5.85%, respectively.

All purchase exclusive fixed rates with a £1,295 fee will be reduced by up to 0.16%, starting from 5.23%, and selected product transfer rates at 65% – 85% LTV will be reduced by up to 0.11%, starting from 5.52%.

Clydesdale Bank, which merged with Virgin Money in 2018, has also announced rate cuts across its residential mortgage range.

Exclusive 90% LTV purchase deals have reduced by up to 0.10%, with a two-year fixed rate now starting from 6.14% and a five-year fixed from 5.65%.

The deals are available for loan sizes between £300,000 and £600,000.