Reductions in rates include a 0.05% decrease for both the 75% LTV BTL five-year fixed rate and the equivalent portfolio option, bringing them down to 4.72% and 4.92%, respectively.

Virgin Money also lowered its BTL fixed rates across product transfers by 0.10%, starting at 4.51%.

Meanwhile, the lender lowered the maximum loan size for the Fix and Switch residential remortgage at 75% LTV to £500,000.

The lender’s current rates, reflecting the latest changes, can be accessed online through its updated product guide.

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