Purchase shared ownership fixed rates will be reduced by as much as 0.24%, starting from 3.79%, and two-year fixed rates with a fee of £999 will be lowered by up to 0.24%, also starting from 3.79%.
On the buy-to-let side, Virgin will cut prices on products including its 60% LTV two-year fixed rate with a £2,195 fee, which is going down by 0.10% to 3.87%, and its 75% LTV two-year fixed rate with a £2,195 fee, which is being reduced by 0.21% to 3.87%.
Product transfer rates are also moving lower. The 75% LTV two-year fixed rate fee-saver will be reduced by 0.06% to 4.08%, and the 75% LTV five-year fixed rate fee-saver will be trimmed by 0.06% to 4.02%.
Elsewhere, Halifax Intermediaries has announced a fresh round of mortgage product changes, lowering selected fixed-rate mortgage prices for homemovers and first-time buyers ahead of Tuesday, 20 January 2026. The reductions apply across short and mid-term fixed products and are intended to keep Halifax competitive as lenders respond to changing conditions in the UK housing finance market.
Under the latest Halifax changes, two-year fixed rates will be reduced by up to 0.06%, three-year fixed rates will fall by up to 0.04%, and five-year fixed rates see cuts of up to 0.11%.