Virgin Money has reduced rates across its purchase, remortgage, product transfer and buy-to-let ranges by up to 0.68%.

The largest reduction is to a 10-year fixed rate residential purchase product, with rates now starting from 0.68%.

Two and five-year purchase rates have been trimmed by up to 0.10%, now starting from 4.34%. Selected shared ownership and green mortgage rates are also reducing by up to 0.15%.

In Virgin’s exclusive purchase range, rates have decreased by up to 0.10%, including the lender’s Fix and Switch, Retrofit Boost and Own New Rate Reducer products, which now start from 0.50%. The Own New Rate Reducer scheme uses the incentives offered by housebuilders to provide lower mortgage rates for new build home purchasers.

Exclusive remortgage rates, including Retrofit Boost, are down by up to 0.15% and core remortgage rates have reduced by up to 10bps, now starting from 4.34%.

In Virgin’s buy-to-let range, exclusive two-year fixed rates are down by up to 0.10%.

In addition, product transfer rates have reduced by up to 0.10% across two, three, five and 10-year fixed rates.