Virgin Money and Clydesdale Bank are launching new products tomorrow as part of their return to lending up to 90 per cent loan-to-value on residential cases and 80 per cent LTV on buy-to-let.

Both lenders, which are part of the same group, are withdrawing the temporary limits they had placed on loan sizes and property values and returning to previous maximums.

Virgin Money is reducing rates on a number of two, five, seven, 10 and 15-year fixed rates.

Virgin’s intermediary exclusives include:

• Two-year fixed rate at 65 per cent LTV with £1,495 fee will be reduced to 1.34 per cent
• Five-year fixed at 65 per cent LTV with £1,495 fee will be reduced to 1.42 per cent
• Five-year fixed at 65 per cent LTV with £995 fee will be reduced to 1.47 per cent with £500 cashback for remortgage customers
• Fee-saver five-year fixed rate at 65 per cent LTV will be reduced to 1.67 per cent with £500 cashback for remortgage customers

Virgin is also bringing back Help to Buy deals up to 80 per cent LTV starting from 1.71 per cent.

It is also relaunching shared ownership deals at up to 90 per cent LTV, starting at 2.09 per cent and new-build deals up to 90 per cent LTV from 2.15 per cent.

Standard buy-to-let deals will be returning at up to 80 per cent LTV or 75 per cent LTV for portfolio landlords.

Clydesdale Bank is launching a new first-time buyer three-year fixed rate at 2.49 per cent and its million-plus range returns with rates starting at 1.74 per cent.

The lender’s deals for professionals return up to 90 per cent LTV with rates from 1.89 per cent.