Virgin Money has reduced selected fixed rates across its buy-to-let (BTL) and remortgage products, effective 22 May.

The lender’s fixed rate fee-savers will be cut by up to 0.21%, starting from 5.19% while fixes with a fee of £995 will be reduced by up to 0.19%, starting from 4.89%.

Meanwhile, exclusive fixes with a fee of £2,195 will start from 4.57%, a reduction of 0.10%.

In addition to these, Virgin Money will make additional changes that will go live from 8pm today (21 May).

The lender will lower BTL product transfer fixes by up to 0.15%, starting from 4.51%.

It will also reduce 65% and 75% loan-to-value (LTV) residential product transfer fixes by 0.10%, starting from 4.43%.

Finally, shared ownership fixes will go down by up to 0.10% starting from 4.59% while selected own new fixes will be lowered by up to 0.13%, starting from 1.09%.