Vida has reduced rates across its buy-to-let (BTL) and residential product ranges by up to 0.35%.
The buy-to-let reductions were across both 2-year and 5-year products, with the largest reductions reserved for houses in multiple occupation (HMOs), multi-unit blocks (MUBs) and expats.
This included cuts to all Fee Savers and those lower rate products with a 4% fee.
Residential rate reductions were focused on 5-year products, in particular those accepting applicants with higher levels of adverse.
Vida’s 2-year Right to Buy products were also reduced.
Vida’s residential criteria allow a maximum age of 80 at the end of term, with a term up to 45 years considered to help with affordability challenges.
The lender will also consider those with adverse credit, second jobs, contractors, complex income and the self-employed.
Helen Cawthra (pictured), head of intermediary relationships at Vida, said: “These new rate reductions in BTL and residential will help our partners to help more of their customers to secure their specialist mortgage at a lower rate alongside the stability of a five-year fix.
“Intermediaries can contact the V-Hub to speak with us about any cases to take advantage of these rate reductions.
“There, they can speak with experts and underwriters directly and be confident in our efficient service levels coupled with dedicated intermediary support.”
