New lower fixed rates to become available
Halifax Intermediaries and Virgin Money have both announced fresh rounds of mortgage rate cuts, targeting a mix of residential, buy-to-let and product transfer business as competition intensifies in the UK mortgage market.
Virgin has reduced selected fixed rates across its exclusive purchase, purchase, buy-to-let and product transfer ranges.
In the lender’s exclusive purchase range, the 75% loan-to-value (LTV) two-year fixed rate fee-saver will be lowered by 0.13% to 3.90%, while the 80% LTV two-year fixed rate with a fee of £895 will be trimmed by 0.13% to 3.73%.
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%.
Halifax has confirmed that its product search tool, Halifax Intermediaries Online and broker sourcing systems will reflect the updated product range from the effective date and urged intermediaries to secure existing product codes by 8pm on Monday, 19 January.
