Vida cuts residential and buy-to-let rates by up to 0.35%
New limited edition buy-to-let products have also launched at 65 and 75% LTV.
"We’ve made a whole host of product and criteria enhancements and are pleased to end the year with even more rate reductions"
- Helen Cawthra, head of intermediary relationships at Vida
Vida has announced a series of rate reductions across its residential and buy-to-let product ranges.
Residential rates have been reduced by up to 0.35%. Product highlights include a Vida 36 two-year fixed rate at 6.99% and a five-year fix at 6.64%, both at 75% LTV.
Across the lender's buy-to-let range, rates have reduced by up to 0.30%. The lowest Vida 36 initial rate is a five-year fix at 5.39% with a 4% fee, also at 75% LTV.
Alongside the rate reductions in its core buy-to-let range, Vida has launched limited edition two-year fixed rate products available from 6.35% at 65% LTV and 6.50% at 75% LTV. These come with a 2% fee and have the same price point for individual units, HMO or MUB.
Helen Cawthra, head of intermediary relationships at Vida, said: "There’s no denying that 2023 has been a difficult year for our industry. At Vida, we’ve continued to show that we’re listening to our intermediary partners and working closely to support borrowers with affordability at a time of increased cost of living and challenging economic circumstances.
"We’ve made a whole host of product and criteria enhancements and are pleased to end the year with even more rate reductions and two new limited edition products."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
FCA
FCA announces new measures to support growth of mutuals sector