Vida has made a number of mortgage rate reductions across its residential and buy-to-let (BTL) product ranges.
The specialist lender’s residential rates have been reduced by up to 0.35%.
Product highlights include 2-year fixed at 6.99% and 5-year fixed at 6.64%, both at 75% loan-to-value (LTV).
Across its BTL offering, rates have been reduced by as much as 0.30%.
The lowest Vida 36 initial rate is a 5-year fixed at 5.39% with a 4% fee, also at 75% LTV.
Alongside the rate reductions on its core BTL range, 2-year fixed limited edition products at 65% LTV are available at a rate of 6.35%.
Vida also introduced 2-year fixed limited editions at 75% LTV with a rate of 6.50%.
These come with a 2% fee and have the same price point for individual units, houses in multiple occupation (HMO) or multi-unit blocks (MUB).
Helen Cawthra (pictured), 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.”
