Virgin Money will launch a new range of exclusive deals and cut selected remortgage, landlord and switching rates by up to 38 basis points tomorrow (27 September).    

The lender’s changes cover:  

Remortgage exclusives

• Selected fixes up to 70% loan to value, with a £995 fee, £1,500 cashback and free valuation will be launched at 5.38%  

Buy-to-let portfolio remortgage and purchase exclusives with a 3% fee

• 60% LTV two-year fixes will be launched at 5.17%  
• 75% LTV two-year fixes will be launched at 5.22%  
• 60% LTV five-year fixes will be launched at 5.27%  
• 75% LTV five-year fixes will be launched at 5.57%  

Meanwhile, the firm will cut these purchase exclusives:  

• Fixes with a £1,295 fee will be reduced by up to 17bps, starting from 4.82%  
• Fee-savers fixes with free valuation reduced by up to 13bps, starting from 5.09%  

It also makes these additional cuts:  

• Exclusive remortgage fixes will be reduced by up to 18bps  
• Core residential & BTL rates will be reduced by up to 38bps  
• And selected product transfer fixes will be reduced by up to 26bps, with rates starting from 5.17%