Vida Homeloans has made rate reductions across its entire mortgage product range, while enhancing its buy-to-let (BTL) criteria and streamlining its broker application experience.
The latest reductions include the whole of the residential range of products cut by up to 0.15% and all buy-to-let products reduced by up to 0.26%. Â
Product transfer products were reduced across residential and buy-to-let by up to 0.20%.
Vida, who recently become a fully authorised bank, have also made changes to their buy-to-let affordability criteria.
Where there is no additional borrowing, buy-to-let applications will now be stressed at pay rate.
Vida has also improved its process of document certification.
Documents that require certification can now be completed using digital signatures, making this part of the application process quicker and easier for brokers and customers.
