Virgin Money is reducing the rates on selected remortgage and purchase exclusives from tomorrow – Tuesday 1 August.

Exclusive deals will be available for seven days, until 8pm on 7 August.

Remortgage exclusives – seven- day special include 70% LTV two-year fixed rate with £1,495 fee and £500 cashback will be reduced by 0.16% to 5.90%.

For 70% LTV five- Year fixed rate with £1,495 fee and £500 cashback will be reduced by 0.19% to 5.40%.

For 50% LTV five-year BTL fixed rate with £2,195 fee will be reduced by 0.06% to 5.30%.

With 60% LTV five-year BTL fixed rate with £2,195 fee will be reduced by 0.06% to 5.35%.

And for 75% LTV five-year BTL Fixed Rate with £2,195 fee will be reduced by 0.11% to 5.55%.

Purchase exclusives include 65% LTV two year fixed rate will be reduced by 0.35% to 5.80%; 75% LTV two-year fixed rate will be reduced by 0.30% to 5.85%;  85% LTV two-year fixed rate will be reduced by 0.18% to 6.03% and 90% LTV two-year fixed rate will be reduced by 0.14% to 6.20%.

In addition 65% LTV five-year fixed rate will be reduced by 0.41% to 5.25%; 75% LTV five-year fixed rate will be reduced by 0.39% to 5.27%;  85% LTV five-year fixed rate will be reduced by 0.26% to 5.50% and 90% LTV five-year fixed rate will be reduced by 0.15% to 5.65%.

For product transfers, 65% and 75% LTV two-year fixed rates will be reduced by up to 0.08%, starting from 6.13%.