Virgin Money is cutting purchase, remortgage and product transfer fixed rates by up to 26bps.

Purchase loans being cut include the lender’s five-year fixed rate fee-savers, by up to 26bps, with rates to start from 4.07%.

Virgin Money is also making cuts of up to 25bps to its purchase five-year fixed rates with a £999 fee, which will start from 4%.

Exclusive purchase rates being cut include Virgin’s 75% LTV five-year fixed rate fee saver, which will be lowered by 14bps to 3.99%.

Remortgage rates are being reduced by up to 9bps, such as selected two-year fixed rates with a £999 fee, which will start from 3.84%.

The changes will take place from 9 December.

The lender is also removing all its exclusive remortgage and exclusive buy-to-let homeloans at 8pm today.

Likewise, Virgin Money is pulling some homeloans from its exclusive purchase range. These are all retrofit boost deals, all own new deals and the 85% LTV five-year fixed rate at 4.17% with an £895 fee.

Last month the lender cut its fixes by up to 13bps.