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Virgin Money makes rate cuts

Virgin Money has unveiled rate reductions across residential and shared ownership mortgages.

The lender’s 65% LTV 5-year fee saver product has been reduced by 0.31% to 1.68%, while three 85% LTV fee-saver rates have been cut by 0.03%, as its 5-year fix stands at 3.13%.

On Virgin’s shared ownership range the biggest rate cut has been made to its 90% LTV 5-year fee-saver, at 0.31% to 3.78%.

Across its new business range the lender’s 2-year 85% product with £1,000 cashback has been cut by 0.10% to 2.69%.