Virgin Money has made rate reductions to selected fixed rate products.

The lower rates cover exclusive purchase products, where fix and switch fixes will be lowered by up to 0.13%, starting from 4.79%.

In the same range, the 75% loan-to-value (LTV) £1m+ two- and five-year fixed rates will be lowered by 0.10%, starting from 4.44%.

The lender’s purchase range has also had rates trimmed. Two- and five-year fixed rates will be cut by 0.10% to start from 4.37% and 4.34%, respectively.

Purchase green two- and five-year fixed rates will also be reduced by up to 0.10%, starting from 4.20%.

The exclusive remortgage 75% LTV £1m+ two- and five-year fixed rates will go down by 0.13% to start from 4.41%.

In the lender’s remortgage range, selected two- and five-year fixes will be reduced by 0.13% and 0.15% respectively. Two-year fixes will start from 4.37% and five-year fixes will start from 4.29%.

As part of the cuts, exclusive BTL fix and switch fixed rates will be reduced by 0.20%, starting from 4.90%.

Two- and five-year fixed rates with a fee of £2,195 will be cut by up to 0.23%, starting from 4.26%.

The lender has also made cuts to its BTL range with 75% LTV two- and five-year fixed fee-savers being lowered by 0.10% to start from 4.65%.

Product transfer rates on selected 85% and 90% LTV fixes will go down by as much as 0.12%.