Virgin Money has brought new purchase products to its Core range, comprising both residential and buy-to-let mortgages.

Available for properties valued between £80,000 and £500,000, they consist of 75 per cent LTV residential two-, three-, and five-year fixes for remortgages and at up to 65 per cent LTV, residential purchase deals with free valuations starting from 1.62 per cent.

Existing borrowers will also be able to choose a two-year ‘Freedom to Fix Tracker’.

In the BTL space, the lender will allow borrowers to remortgage at up to 60 per cent LTV.

It has also added 60 per cent LTV purchase products with £300 cashback for BTL, with rates starting from 1.45 per cent.

The lender is still unable to consider variable income and the income of those who are furloughed or on the self-employed income support scheme when assessing affordability.