Vida cuts rates by up to 40bps

01 August 2023

Vida cuts rates by up to 40bps

• All buy-to-let rates reduced alongside a number of residential rates
• Second BTL Limited Edition launched, extending availability to HMO/MUBs

Vida, the specialist lender, have announced rate reductions across their product range.

All buy-to-let rates have been reduced, alongside a number of residential rates.

On BTL, fixed rates are reduced by as much as 0.40% with the lowest Vida 36 product being a five-year fixed at 75% loan to value (LTV) with an initial rate of 6.29%.

For residential, a standard five-year fixed at 75% LTV on Vida 36 has an initial rate of 7.19%, down by 0.20%.

Alongside the rate reductions on their BTL range, the lender has launched a new Limited Edition product extending availability to HMOs and MUBs. The two-year fixed is available up to 75% LTV on Vida tier 36 at an initial rate of 5.79%.

Similar reductions have been made across their range of retention products.

All Vida products are backed by the Vida Service Pledge, which allows brokers to request a refund of the £180 application admin fee if they feel they have received anything but excellent service.

Helen Cawthra, Head of Intermediary Relationships says: ‘As the specialist lender, we are always looking at ways to support our intermediary partners and their customers at what is a challenging time for borrowers. Today’s rate reductions across our product ranges will provide more options for new and existing borrowers.’

More information can be found on their website.