Vida announces rate cuts to 5-year fixed BTL products
The specialist lender has announced several rate reductions across their buy-to-let product range.
Vida has announced that it has made a series of rate reductions following the launch of a new seven-year fixed-rate product earlier this month.
According to the lender, five-year fixed rates at 75% LTV on their Vida 36 tier have been dropped by up to 0.40%. For standard property types, initial rates now start at 5.39% with a 4% fee or 5.79% with a 2% fee.
For HMO and MUB, rates start at 5.54% with a 4% fee or 5.94% with a 2% fee.
Alongside these reductions, their 5-year fixed BTL limited editions are also being cut by up to 0.20%.
The standard limited edition rate on Vida 36 at 75% LTV is now 4.99%. For HMO/MUB the initial rate is 5.14%.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
