Virgin Money has reduced fixed rates on exclusive buy-to-let (BTL), BTL and product transfer, effective tomorrow.

The lender has lowered selected BTL rates with a £995 fee by up to 0.15%, with rates starting from 4.45%.

In addition, BTL selected fee-savers will be reduced by up to 0.07%, with rates starting from 4.70%.

Meanwhile, the lender’s exclusive BTL 75% loan-to-value (LTV) two-year with a 1% fee will be reduced by 0.10% to 4.82%.

Other rate cuts within the range include:
• 60% LTV 5 Year with £2,195 fee will be reduced by 0.03%, to 4.31%.
• 60% LTV 2 Year with 1% fee will be reduced by 0.08%, to 4.69%.
• 60% LTV 5 Year with 3% fee will be reduced by 0.03%, to 3.90%.
• 75% LTV 5 Year with 3% fee will be reduced by 0.03%, to 3.90%.

Selected BTL product transfer products have also been reduced by up to 0.15%, with rates starting from 4.17%.