Virgin Money has announced several reductions across its residential and buy-to-let mortgage ranges. 

Highlights of the changes, which take effect tomorrow, are below.

Exclusive purchase deals with £1,000 cashback:

An 85% LTV two-year fixed rate, with a £1,495 fee reduced to 1.63%, a  reduction of 0.20%.

And an 85% LTV five-year fixed rate, with a £1,495 fee reduced to 2.11%, a cut of 0.14%.

Exclusive BTL deals:

A new 65% LTV two-year fixed rate, with a £895 fee launched at 1.46%.

And a new 65% LTV five-year fixed rate, with a £895 fee launched at 1.67%.

Core BTL:

A 75% LTV two-year fixed rate with a £1,995 fee is available at 1.35%, a cut of 0.18%.

Core Residential:

A 95% LTV two-year fixed rate fee-saver is available at 3.12%, a reduction of 0.16%.

A 90% LTV five-year fixed rate, with a £995 fee is available at 2.62%, a cut of 0.16%.

A 85% LTV two-year fixed rate fee-saver is available at 1.89%, a reduction of 0.27%.

And a 85% LTV five-year fixed rate fee-saver is available at 2.29%, a cut of 0.14%.