Borrowers wishing to use the government’s Help to Buy scheme now have access to a 90% loan-to-value mortgage at 3.44%, fixed for two years.

At 95% loan-to-value the same product is on offer at 4.68%. Both products also have cashback offers available to those purchasing a new home.

For the wider market the lender has launched a two-year fixed rate mortgage for those with a 20% deposit to 2.04%. A £995 product fee applies. This product is available exclusively through mortgage brokers.

For those with just a 10% deposit, it has also launched a fee-free two-year fix at 3.44%.

In the buy-to-let range a three-year fix at 75% loan-to-value is now available at 3.59%, with a £995 product fee. A fee-free two-year fix for those with a 40% deposit has also been launched at 2.99%.

Peter Rogerson, Virgin Money’s mortgages director said: “Our refreshed mortgage product range continues to reinforce Virgin Money’s strong competitive position in the mortgage market.”