Virgin Money will launch, raise and pull fixed-rate deals, while Melton Building Society has removed a range of charges from its self build products.

Highlights of the bank’s changes, which come to market tomorrow (7 January), include:

Exclusive fixes and switch shared ownership with free valuation

• 90% loan-to-value fee-saver fixes launched at 5.19%
• 95% LTV fee-saver fixes launched at 5.53%

Purchase

• 85% LTV five-year fixes, with a £995 fee lifts by 3 basis points, to 4.46%

The loans the high street lender will withdraw include:

Product transfer

• 90% LTV seven-year fee-saver fixes at 5.19%

Exclusive retrofit boost

• 85% LTV seven-year fee-saver fixes, with £995 fee, at 5.74%

Exclusive professional

• 90% LTV five-year fee-saver fixes at 4.85%

Meanwhile, Melton Building Society has cut fees for its self build mortgages.

The mutual has removed early repayment charges across its entire self build range. Previously, these fees were stepped at 3%, 2%, and 1%.

It has also scrapped reinspection fees, which were £100 each time.

The lender says products in this range are available for self build, custom build, renovation, and conversion projects.

These funds can also be used to buy land and fund build costs, subject to full planning permission.

Melton Building Society head of intermediaries Dan Atkinson says: “We are evolving our product range to provide Self Build products better suited to the needs of today’s borrowers.”