Virgin Money has launched two new green shared ownership new build mortgages; cut rates on its core and product transfer ranges; and introduced a broker exclusive product.

The shared ownership greener new build mortgages are available as a two-year fix at 2.28% and a five-year fix at 2.63%, both up to 85% LTV with a fee of £995.

The lender says the products will ‘help even more carbon-conscious customers keep their emissions and their repayments in check.’

The greener mortgages in the lender’s core residential range are also available up to 85% LTV with a £995 fee and rates have been reduced by 0.10% to 2.13% for a two-year fix and by 0.05% to 2.48% for a five-year fix.

Rates have been reduced by up to 0.52% on other, non-green, residential mortgages.

Virgin Money’s standard shared ownership products have been reduced by up to 0.25%.

A new 80% LTV five-year fix with a £995 fee, with a rate of 2.15%, has also been introduced, exclusively for broker distribution.