The lender is also offering a 5-year fix at 3.29% after a 0.16% reduction, with both products coming with a £995 product fee, £300 cashback for purchases and £500 for first-time buyers.
In terms of other residential rates 90% LTV 2-year fixes and 85% LTV 3-year fixes have both been cut to 2.99% with no product fee.
Peter Rogerson, Virgin Money’s commercial director for mortgages, said: “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.”
In terms of buy-to-let products 75% LTV rates now start at 2.59% after being cut by up to 0.30%.
To 60% LTV 2-year fixes stand at 2.34% with a £995 product fee and 1.99% with a £1,995 fee, while 5-year fixes stand at 3.15% with a £1,995 fee, all with £750 cashback.
