Virgin has announced rate reductions on selected fixed rates across exclusive purchase, purchase, buy to let and product transfer products.

In the lender’s exclusive purchase range, the 75% loan-to-value (LTV) two-year fixed rate fee-saver will be lowered by 0.13% to 3.90% and the 80% LTV two-year fixed rate with a fee of £895 will be trimmed by 0.13% to 3.73%.

Purchase shared ownership fixed rates will be reduced by as much as 0.24% starting from 3.79% and two-year fixed rates with a fee of £999 will be lowered by up to 0.24%, starting from 3.79%.

In addition, Virgin will cut prices on BTL products including its 60% LTV two-year fixed rate with a fee of £2,195, which is going down by 0.10% to 3.87% and the 75% LTV two-year fixed rate with a fee of £2,195, which is being lowered by 0.21% to 3.87%.

Product transfer rates are also going down. The 75% LTV two-year fixed rate fee saver will be reduced by 0.06% to 4.08% and the 75% LTV five-year fixed rate fee saver will be trimmed by 0.06^ to 4.02%.

Elsewhere, Halifax Intermediaries has announced reductions of up to 0.11% on homemover, first-time buyer products.

The lender has cut prices by as much as 0.06% on two-year fixed rates, 0.04% on three-year fixed rates and 0.11% on five-year fixed rates.