Residential remortgage and product transfer rates have seen the largest reductions.

The new offering allows brokers and their professional property investor clients to choose a new fixed rate with no underwriting required.

Virgin has also launched new five-year fixed rate product transfer options from 4.04%.

The Society will now pay brokers proc fees for all residential and buy-to-let product transfers.

Higher-LTV fixed rates have seen the largest reductions.

The Bank offers brokers a 0.4% net procuration fee.

Large HMO/MUFB products have now been added to the new product transfer range.

The new process brings more options and greater efficiencies to brokers and their landlord clients.

Brokers have reported a surge in remortgaging with more to come throughout 2025.

The bank is also pledging no dual pricing and improving its product transfer process.