Virgin Money has made rate reduction to selected fixes across purchase, buy-to-let (BTL) and product transfer ranges.

The lender’s BTL cuts include selected two- and five-year fixed rates with 3% fee, which will be reduced by up to 0.32%, to start from 3.09%.

The BTL two- and five-year fixed rates with £2,195 fee will be trimmed by up to 0.19%, to start from 4.02% while selected two- and five-year fixed rates with 1% fee will be reduced by up to 0.07%, to start from 4.05%.

Virgin’s purchase range shared ownership fixed rates will go down by as much as 0.20%, to start from 4.24%, while the 95% loan-to-value (LTV) two-year fixed rate fee-saver will be lowered by 0.15% to 5.09%.

In addition, 80% LTV exclusive two- and five-year fixed rates will be reduced by as much as 0.06%, to start from 4.19%.

The lender’s product transfer selected 65% and 75% LTV two-, three- and five-year fixed rates will go down by up to 0.15%.

Selected two- and three-year BTL rates will also be cut by 0.05%.