Virgin cuts rates by up to 36 bps

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Virgin Money has cut rates on its higher LTV residential range by up to 36 basis points.

The cuts are on selected products at 85 and 90 per cent LTV. It is now offering a 90 per cent LTV two-year fix at 2.99 per cent, with no product fee and £300 cash back.

The lender has also cut buy-to-let rates by up to 35 basis points. Two-year fixed rates now start at 2.59 per cent.

Virgin Money commercial director for mortgages Peter Rogerson says: “We are delighted to continue to support the mortgage market with these improved rates on a number of our fixed rate residential and buy-to-let products.”