Virgin Money has brought out set of new mortgages, including a new 95% LTV three-year fixed rate mortgage and made various rate cuts of up to 41 basis points.

The 95% LTV three-year fix is set at 3.64% – the same rate as the lender’s existing 95% LTV two-year fix, which has received a 15 basis point cut.

Other changes include, within the core residential range, the 90% LTV two-year fix with £995 fee, which has been cut by 25 basis points to 2.84% and the 90% LTV three-year fix, which has been cut by 20 basis points to 3.14%.

In Virgin’s green mortgage range, the 65% LTV two-year fix with £995 fee has had 20 basis points removed to bring it to 1.69% and the 75% LTV two-year fix with £995 fee has also been cut by 20 basis points, to 1.78%.

And the biggest reduction within the buy-to-let range is the 80% LTV five-year fix with £995 fee, which has been reduced by 24 basis points to 3.35%.

For BTL portfolio landlords, the largest cut is the 60% LTV five-year fix with £1,995 fee, which has had a 21 basis point haircut, giving a rate of 1.88%.

However, the most significant rate cut lies within the shared ownership suite of products, where the 90% LTV two-year fix has received the headline 41 basis point reduction to bring its rate to 3.23%.

The new product launches are purchase exclusives and each come with £1,000 cashback. These comprise a 75% LTV two-year fix with £1,495 fee at 1.28% and an 80% LTV two-year fix with £995 fee at 1.93%.