Vida cuts residential and buy-to-let rates by up to 0.35%

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."