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

Vida has further reduced rates across its residential and buy-to-let ranges by up to 0.30%.

The latest reductions apply to new business products, with residential products reducing between 0.15% and 0.30% and buy-to-let products being cut from 0.05% up to 0.30%.

The lowest price residential product is on the Vida 36 credit tier, with a rate of 6.24% at 75% LTV, and the cheapest buy-to-let product is priced at 5.01%, also on the Vida 36 credit tier at 75% LTV.

The reductions also include the recently launched two-year fixed 90% LTV limited edition product on Vida's residential range.

Helen Cawthra, head of intermediary relationships at Vida, said: “Due to rates falling in the market meaning lower funding costs, we’re pleased to be able to pass on yet more reductions to our intermediary partners and customers. 

"Brokers should take a look at our Product Switch Hub should have they have any customers coming to the end of their deal looking for a new product or potentially cheaper rate. Intermediaries can contact the V-Hub to discuss any case and take advantage of these rate reductions. With direct access to our specialist experts and underwriters, intermediaries can be confident in our efficient service levels coupled with dedicated support.”