Vida has reduced rates across its buy-to-let (BTL) product range by up to 0.25%, residential products by up to 0.30%, and on its 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 or adjacent to commercial, new-builds and houses in multiple occupation (HMOs) and multi-unit blocks (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 a broker.
Vida also recently made enhancements to its credit tiering, where all defaults and County Court Judgements (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 BTL ranges.
Helen Cawthra (pictured), 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.”
