Virgin Money has brought out a series of buy-to-let (BTL) mortgages exclusively for intermediaries. The lender has also cut rates across its residential and BTL fixes.

The exclusive mortgages are all available at up to 75% and come as four types: for purchase, the two-year fix is 1.91% and the five-year fix at 2.13%.

For portfolio borrowers, the two-year fix is set at 2.01% and the five-year fix at 2.23%.

Each of the above mortgages charges a £1,995 fee and includes £1,000 cashback.

Rate cuts occur by up to 106 basis points and throughout the lender’s 10-year fixed rate offerings.

Within the lender’s core residential suite, the 65% LTV product with £995 fee has been cut by 30 basis points to 1.95% and the fee-saver offering by 50 basis points, to 2.34%.

In the BTL range, the 60% LTV offering with £995 fee has been reduced by 26 basis points to 2.43% and the 75% LTV product, also with £995 fee has received the headline cut of 106 basis points, taking its rate to 2.68%.

The BTL portfolio range has received the same cuts: the 60% LTV product with £995 fee has had 26 basis points removed to take the rate to 2.53% and the 75% LTV with £995 fee has been reduced by 106 basis points, which leaves the rate at 2.78%.

And in Virgin Money’s product transfer range, cuts include the 75% LTV BTL product with £995 fee having 66 basis points chopped off, offering borrowers an interest rate of 2.68%.