Vida launches new limited edition buy-to-let product
The lender has launched a limited edition twio-year product available up to 75% LTV.
Vida has launched a new limited edition buy-to-let product.
The two-year product is available up to 75% LTV at an initial rate of 5.19%.
The product is available on Vida Tier 48, with first-time landlords welcomed and limited company ownership structures accepted.
The product is available for loan sizes of £50,000 up to £1m and comes with a 3% product fee. It is available on individual units.
The limited edition product is backed by Vida’s Service Pledge, which allows brokers to request a refund of the £180 application admin fee if they feel they have received less than excellent service.
The specialist lender launched V-Hub last year, which allows brokers to speak directly to experts and underwriters throughout their application.
Calls to the V-Hub are answered on average within 10 seconds and emails responded to in four hours.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Lloyds
Lloyds sets aside extra £4bn for high-LTI mortgage lending
FCA
FCA confirms simplified mortgage rules
Bank Of England
Bank of England issues first-of-its-kind fine of £11.9m
Government
Government publishes legislation to bring pensions into inheritance tax
Government
Government confirms launch of permanent Freedom to Buy mortgage scheme
Regulation
Lenders urged to prepare for court ruling on commissions as motor finance complaints surge
