Vida Homeloans has introduced adjustments to its mortgage offering, specifically withdrawing certain 5-year buy-to-let (BTL) Limited Edition products.
These changes are set to take effect at the close of business on today (Thursday 17th October).
The products being withdrawn include the BTL Vida 36 5-year fixed rate at 75% loan-to-value (LTV), Limited Edition, which carries a 6% fee and is currently available at a rate of 4.29%.
Another product being removed is the BTL Vida 36 5-year fixed rate at 75% LTV, designed for houses in multiple occupation (HMO) and multi-unit blocks (MUB), also with a 6% fee, offered at a rate of 4.59%.
The withdrawal of these products will take place at 6:00pm today, and after this time, they will no longer be accessible to new applicants.
For new business, any Decisions in Principle (DIP) that include one of these products must be completed by 6:00pm.
For those with cases already in progress, all mandatory documents must be uploaded, fees paid, and the case advanced to the ‘Application Received’ stage by 6:00pm tomorrow, Friday 18 October.
These changes do not affect any other products in Vida Homeloans’ current offerings.
