Virgin Money has made changes to selected residential and buy-to-let fixed-rate loans, as well as launching a new exclusive remortgage product.  

The lender has cut rates on selected 75% to 90% loan-to-value two-and five-year fixed-rate offers by up to 16 basis points.  

Its new remortgage deal, is a 75% LTV two-year fixed-rate loan, with a £995 fee, at 5.43% and £500 cashback.  

The firm is also launching a 65% LTV two-year fixed-rate deal, with a £995 fee at 5.59%.  

A 65% LTV two-year fixed-rate fee-saver, at 5.93%.  

A 65% LTV five-year fixed-rate loan, with a £995 fee at 5.26%.  

And a 65% LTV five-year fixed-rate fee-saver, at 5.58%.  

The moves come after new Chancellor Jeremy Hunt last month reversed the vast majority of tax cuts announced in September’s mini-budget, although the stamp duty cut for house purchases remains.                   

The mini-budget led to more than a thousand products being pulled as lenders worked out how to reprice loans as the cost of debt for the government and companies lifted on international money markets, following former Chancellor Kwasi Kwarteng’s tax-cutting fiscal event.