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

Vida has reduced rates across its buy-to-let product range by up to 0.25%, residential products by up to 0.30%, and product transfer retention range by up to 0.35%.

The products available can be coupled with Vida’s specialist criteria, such as adverse credit history, complex incomes and second jobs, self-employed, first-time buyers and landlords, and specialist properties such as flats above/adjacent to commercial, new builds and HMOs and MUBs.

For existing Vida customers, the option to do a product transfer with reduced rates is also available through the Product Switch Hub or via their broker. With just 15 clicks, an existing customer in the last six months of their current deal with no arrears can select their product rate ahead of maturity.

Vida has recently made enhancements to its credit tiering, where all defaults and CCJs are now ignored if they are under £250, making it easier for customers with smaller credit blips to get a mortgage. This adverse criteria enhancement applies to both Vida’s residential and buy-to-let ranges.

Helen Cawthra, head of intermediary relationships at Vida, said: “With the recent base rate change we are delighted that we can bring these price reductions to our partners and customers across our ranges. 

"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.”