Virgin Money to lower rates by up to 0.45% across various product ranges, effective from 8pm tonight.

The biggest cuts have been made to the lender’s remortgage fixed rate fee-savers, which have been reduced by up to 0.45%, with rates starting from 4.59%.

Remortgage fixed rates with a fee of £995 will also see reductions of up to 0.40%, with rates starting from 4.39%.

Rates have also been lowered in the lender’s purchase range. The largest cuts include purchase fixed rate fee-savers, which will be reduced by up to 0.30%, with rates starting from 4.54%.

In addition, green purchase fixed rates will be reduced by up to 0.25% and cashback increased to £500, with rates starting from 4.39%.

Rates have also been lowered on the lender’s buy-to-let (BTL) range, product transfers and exclusive purchases.

Virgin Money has also announced the withdrawal of multiple products from its purchase and remortgage range.

These include: • 7 Day Special 80% LTV Purchase Fixed Rate with £995 fee at 4.46% • 75% LTV Purchase 5 Year Fixed Rate with £895 at 4.50% • 90% LTV Purchase Greener 5 Year Fixed Rate with £995 at 4.82% • 75% LTV Remortgage 5 Year Fixed Rate fee-saver at 4.65% • 65% LTV Professional Remortgage 5 Year Fixed Rate fee-saver at 4.90% • 85% LTV Professional Remortgage 5 Year Fixed Rate fee-saver at 5.27%.