Vida has reduced rates across its residential and buy-to-let ranges by up to 1.35%.
The specialist lender’s residential variable rate products are now available at up to 80% loan-to-value (LTV), helping those buyers with a smaller deposit.
Fixed rates have been reduced by as much as 0.70% with the lowest Vida 48 rate being 70% LTV with a 5-year fixed at 6.39%.
Helen Cawthra, head of intermediary relationships at Vida, said: “Last week, we launched our new centralised decisioning unit, V-Hub, which gives intermediaries direct access to dedicated underwriters who will help them with every type of query from pre application through to complex case management and completions.
“This week, we are further strengthening our proposition with reductions across our entire product range, giving brokers attractive options to discuss with their clients.”
On buy-to-let, variable rates have been cut by as much as 1.35%.
The best rate available is the Vida 48, 80% 2-year variable at 5.49%
Additionally, product fees have been halved from 2% to 1% on buy-to-let 2-year fixed rate products.
The products are now available via Vida’s broker portal and on sourcing systems.
