Vida cuts residential and buy-to-let rates by up to 0.30%

Vida Homeloans has announced rate reductions across its residential and buy-to-let mortgages, including its product transfer range.

Selected residential and buy-to-let products have reduced by up to 0.30% and selected product transfer products by up to 0.10%. 

Vida has also launched new, limited edition buy-to-let products on its Vida 36 credit tier. The five-year fixed rates are available at 75% LTV with a 7% product fee for standard and HMO/MUB purchases.

In addition, there are new 90% LTV fee-saver products available on Vida's residential range, available across all credit tiers (Vida 36, Vida 24 and Vida 6).

These new 90% LTV fee-savers add to the growing range of residential products suitable for first-time buyers, such as the recently launched 3 & Easy range of 97% LTV products.

Ross Williams, head of mortgage product management at Vida Homeloans commented: "We’ve seen swap rates in the market drop over the course of January. We always endeavour to pass these savings on to our potential customers through rate reductions across our ranges."

Helen Cawthra, head of intermediary relationships at Vida Homeloans, added: "Vida’s newest high LTV products are further assisting customers with affordability, with the aim of helping more people to finally find a place to call home. Especially those wanting to purchase their first home or move on from rented accommodation to become first-time buyers."