Virgin Money relaunches its 95% LTV shared ownership deals as well as lowering selected rates across its residential and buy to let mortgages, including its newly launched Greener Mortgage range.

The changes, which take effect today, include:

New shared ownership 95% loan to value mortgages at two and five-year fixed rates, starting at 4.04%.

A new 95% LTV two-year fixed-rate fee-saver at 3.79%.

A 95% LTV five-year fixed rate product has been cut to 3.95%.

Product transfer deals include a 95% LTV shared ownership five-year fixed-rate mortgage, cut to 4.14%.

An exclusive purchase deal at 85% LTV five-year fixed rate, with a £995 fee, reduced to 2.70%.

A Selected Help To Buy Equity loan scheme at 75% LTV fixed rates, including Greener Morgage options, have been cut by 0.16%.

The lender adds its shared ownership deals are available up to a maximum term of 35 years and lending on flats over 80% LTV must be in buildings of no more than 10 storeys

It also says following recent IR35 rule changes, the firm will accept contracts that fall within IR35 rules, including contract income received via a payroll services umbrella company.

The lender says when a contractor is paid via an umbrella company, or falls inside IR35 and receives payslips, it needs to see the last two months’ payslips in addition to standard documentation.