Virgin Money has lowered the reduction in fixed-rate products.
The lower price covers exclusive purchases, which will reduce repairs and switch repairs by up to 0.13%, starting at 4.79%.
Within the same range, 75% loan-to-value (LTV) £1m + two-year and five-year fixed rates will be reduced by 0.10%, starting at 4.44%.
The lender’s purchase scope has also been revised. Two-year and five-year fixed rates will be reduced by 0.10% from 4.37% and 4.34% respectively.
Buying green for two- and five-year fixed rates will also reduce by as much as 0.10%, starting at 4.20%.
Exclusive cashing of 75% LTV £1m + two-year and five-year fixed rates will fall 0.13% with a starting price starting at 4.41%.
Within the creditor’s cashing range, the selected two-year and five-year fixed will be reduced by 0.13% and 0.15%, respectively. The two-year fix will start at 4.37%, and the five-year fix will start at 4.29%.
As part of the cut, the exclusive BTL fixed and switch fixed rates will be reduced by 0.20% from 4.90%.
Two- and five-year fixed rates, the fee is £2,195, up to 0.23%, starting at 4.26%.
Lenders have also cut their BTL range, with 75% of LTVs down 0.10% from two- and five-year fixed fees starting at 4.65%.
The selected 85% and 90% LTV fixed product transfer rates will drop by up to 0.12%.
