Vida cuts residential and buy-to-let rates by up to 1.05%

Vida has announced rate reductions across its fixed rate residential and buy-to-let product ranges.

Residential rates have been cut by up to 1.05%. Product highlights include a Vida 36 standard two-year fix at 6.49% and a five-year fix at 6.14%, both at 75% LTV

In addition, a fee-free Vida 36 five-year fixed has reduced to 6.34% at 75% LTV.

Across the lender's buy-to-let range, standard and limited edition rates have been cut by up to 0.80%.

A Vida 36 standard five-year fix has reduced to 5.04% at 75% LTV and a standard limited edition two-year fix now starts from 6.00% at 65% LTV or 6.20% at 75% LTV, available at the same price point for individual units, HMO or MUB.

Reductions have also been made across Vida's range of retention products by up to 0.75%.

All Vida products are backed by the Vida Service Pledge, which was introduced at the beginning of last year and allows brokers to request a refund of the £180 application admin fee if they feel they have received less than excellent service.

Helen Cawthra, head of intermediary relationships at Vida, said: "As we start the year with growing confidence in the market and swap rates improving, we’re pleased to share the latest reductions to our fixed rate product range, helping both new and existing customers."