Virgin Money has made a number of cuts to its mortgage rates.

Changes take place within the lender’s remortgage and purchase exclusives, residential, Greener mortgage range and buy-to-let offerings.

The most significant cut lies in the residential range, where the 95% LTV five-year fix with zero fee has been reduced by 97 basis points – from 3.57% to 2.60%.

And among a host of other cuts in this category, the 90% LTV two-year fix with zero fee has had 40 basis points removed, moving from 2.99% to 2.59%.

The most significant change in the remortgage range is the 80% LTV five-year fix with £1,495 fee, which has been cut from 1.95% to 1.84% – a difference of 11 basis points.

And in Virgin Money’s purchase exclusive with £1,000 cashback range, meanwhile, the standout cut is the 80% LTV five-year fix with £995 fee being reduced from 1.99% to 1.89%.

The Greener mortgage range contains a reduction of 75 basis points, with the 65% LTV two-year fix with £995 fee going from 1.69% to 0.94% and the 65% LTV five-year fix with £995 fee has received a 21 basis point cut, taking it from 1.25% to 1.04%.

In the BTL range, highlights include the 75% LTV three-year fix with £995 fee enjoying an 88 basis point cut, going from 2.73% to 1.85%.

The changes will take effect on Wednesday 11 August, a note to brokers explains.