Vida Homeloans has announced rate reductions of up to 0.45% on its residential mortgage range and up to 0.50% on its buy-to-let products, citing recent market movements and the Bank of England’s latest base rate cut.
As part of the update, the specialist lender has also launched a set of limited edition buy-to-let mortgages available at 65% loan-to-value.
The new products include 2-year and 5-year fixed rates, both with a 4% fee and pricing starting from 3.52%.
Ross Williams, head of mortgage product management at Vida Homeloans, said: “With swap rates dropping and the base rate reduction to 4.25%, we’re in a position to lower the majority of our rates and pass these savings on directly to borrowers.”
Intermediaries are encouraged to contact Vida’s V-Hub service to discuss cases or product criteria, with direct access to the lender’s specialist underwriters and support teams.
