Vida cuts rates, enhances buy-to-let affordability and streamlines application process

Vida Homeloans has announced rate reductions across its entire product range, enhanced its buy-to-let criteria, and streamlined the broker application experience.

The latest reductions include the whole of Vida's residential range being cut by up to 0.15% and all buy-to-let products reducing by up to 0.26%.  

Product transfer products have also reduced across residential and buy-to-let by up to 0.20%.

Vida, who recently became a fully authorised Bank, has also made changes to buy-to-let affordability criteria. Where there is no additional borrowing, buy-to-let applications will now be stressed at pay rate. ICRs remain unchanged.

The lender has also improved its process of document certification. Documents that require certification can now be completed using digital signatures, making this part of the application process quicker and easier for brokers and customers. Brokers can review the full certification requirements here.