Virgin Money are reducing selected rates and launching a new range of exclusives from 20 September.

Purchase Exclusives – fixed rates with £1,295 fee will be reduced by up to 0.22%, starting from 4.97%.

Purchase Exclusive fee-savers with free valuation  include:

65% LTV two-year fixed rate will be launched at 5.84%.

75% LTV two-year fixed rate will be launched at 5.87%.

85% LTV two-year fixed rate will be launched at 6.16%.

90% LTV two-year fixed rate will be launched at 6.21%.

Five years deals include:

65% LTV 5 Year Fixed Rate will be launched at 5.15%.

75% LTV 5 Year Fixed Rate will be launched at 5.18%.

85% LTV 5 Year Fixed Rate will be launched at 5.37%.

90% LTV 5 Year Fixed Rate will be launched at 5.54%.

BTL Exclusives with 3% fee include:

60% LTV two -year fixed rate will be launched at 4.87%;

75% LTV two-year fixed rate will be launched at 4.92%;

60% LTV five-year fixed rate will be launched at 4.97%.

75% LTV 5 Year Fixed Rate will be launched at 5.27%.

The following rate changes will also be made: Remortgage Exclusive fixed rates will be reduced by up to 0.21%.

BTL Remortgage Exclusive fixed rates with £2,195 fee, will be available to purchase customers, starting from 5.20%.

Selected product transfer fixed rates will be reduced by up to 0.37%, with rates starting from 5.17%.