Virgin Money has made a number of cuts to its two-, three-, and five-year fixes of up to 50 basis points.

The biggest cuts are as follows:

• The 75% LTV two-year fix with zero fee being cut by 50 basis points to 5.59%
• The 75% LTV five-year fix with zero fee receiving a 45 basis point reduction, taking its rate to 5.09%

Virgin is also now offering a 75% LTV 10-year fix with £995 fee and £1,000 cashback at 4.89%.

Yesterday, the lender announced the withdrawal of all its 95% LTV fixed rates on what the lender is describing as a temporary basis among other changes to its first-time buyer lineup.

Its latest changes take place with immediate effect.