Virgin Money has launched some new mortgage rates across its residential and buy-to-let (BTL) range.

The new exclusive purchase deal is an 85% loan-to-value (LTV) two-year fixed rate with a fee of £1,295 at 5.89%. The product comes with £300 cashback.

For remortgages, Virgin Money has introduced a 75% LTV two-year fixed rate with a fee of £1,295 at 5.59%.

It has also added a five-year fixed rate with a fee of £1,295 at 5.45%.

Buy-to-let remortgage deals include a 60% LTV two-year fixed rate with a £1,295 fee at 5.99% and a five-year fixed rate with the same fee at 5.69%.

All new remortgage products come with £300 cashback. 

Yesterday, Virgin Money announced it will be introducing an environmentally friendly reward scheme for existing residential and BTL mortgage customers.

The new scheme, Green Reward, will offer customers £250 cashback when they take additional borrowing to make green home improvements, encouraging them to make sustainable choices.