Virgin Money cuts rates

The lender will now offer 2-year fixed rates at 2.28% for up to 60% loan to value and 5-year fixed rates at 2.99% for up to 70% LTV.

Virgin will also be cutting the rates on its 75% LTV range and will now be offering its 2-year fixed rates and 2-year tracker rates at 2.74%.

A £995 product fee is payable across the range.