Virgin Money has become the latest lender to reduce mortgage rates under 4% while Leeds Building Society has made rate cuts by up to 0.30%.

Virgin Money has lowered its purchase with £300 cashback products by up to 0.30% with some rates now under 4%.

Purchase with £300 cashback examples:
• 65% LTV 5 Year with £995 fee will be reduced by 0.21%, to 3.99%.
• 75% LTV 2 Year with £995 fee will be reduced by 0.29%, to 4.43%.

The lender has also cut rates on its exclusive purchase with £300 cashback by up to 0.15%. The 80% loan-to-value (LTV) two-year fee saver has been reduced by 0.15% to 4.93%.

In addition, Virgin has lowered rates on its exclusive remortgage £995 fee and fee saver products.

Exclusive Remortgage with £995 fee examples:
• 80% LTV 2 Year will be reduced by 0.20%, to 4.95%.
• 60% LTV 2 Year will be reduced by 0.19%, to 4.40%.

Exclusive Remortgage fee-saver examples:
• 80% LTV 2 Year will be reduced by 0.28%, to 5.26%.
• 60% LTV 5 Year will be reduced by 0.18%, to 4.16%.

Meanwhile, Leeds Building Society has reduced selected residential and reach fixed rate products by up to 0.30%.

It has also added £1,499 fee limited company buy-to-let (BTL) products. There is a two-year 75% LTV fixed rate at 5.79% while the same five-year fix has a rate of 5.39%.

The society has also reduced selected residential fixed rates by up to 0.20% for existing customers.

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