Vida Homeloans has made reductions across both its residential and buy-to-let (BTL) mortgage ranges, including its product transfer range.
The latest reductions include selected residential and buy-to-let products being cut by up to 0.30% and selected residential and buy-to-let product transfer products reduced by up to 0.10%.
Vida has also launched new, buy-to-let limited editions on its Vida 36 credit tier.
The products are available at a 5-year fixed rate, at 75% loan-to-value (LTV) and with a 7% product fee and are available for standard, house in multiple occupation (HMO) and multi-unit block (MUB) purchases.
In addition, there are new, 90% LTV fee saver products available on Vida’s residential range, available across all credit tiers (Vida 36, Vida 24 and Vida 6) and for either a 2- or 5-year fixed term.
Helen Cawthra (pictured), head of intermediary relationships at Vida Homeloans, said: “Vida’s newest, high LTV products are further assisting customers with affordability, with the aim of helping more people to finally find a place to call home.
“Especially those wanting to purchase their first home or move on from rented accommodation to become first time buyers.”
Ross Williams, head of mortgage product management at Vida Homeloans, said: ‘We’ve seen swap rates in the market drop over the course of January.
“We always endeavour to pass these savings on to our potential customers through rate reductions across our ranges.”
