Virgin Money is launching exclusive deals and cutting rates by up to 30bps tomorrow.

The lender has unveiled a selection of new remortgage exclusives.

Among the new products it is launching:

• Two-year fixed rates for remortgage with free valuations and legals starting from 4.59% at 60% LTV with a £995 and going up to 5.17% at 80% LTV
• Fee-saver two-year fixes for remortgage starting from 4.95% at 60% LTV.
• Five-year fixed rate for remortgage with free valuations and legals starting from 4.25% at 60% LTV with a £995 fee.
• Fee-saver five-year fixes for remortgage starting from 4.35% at 60% LTV.
• Two-year and five-year fixed rates on 80% LTV fee-saver deals reduced to 5.55% and 4.86% respectively.

The lender is also reducing rates on a host of other products including fix and switch for purchase and remortgage:

Fee saver remortgage deals will be reduced by up to 20bps with rates starting from 4.42%.

The biggest price drop is to its £1m-plus mortgages with two and five-year fixed rates at 75% LTV with a £1,995 fee down by up to 30bps with rates now starting from 4.49%.