Vida has launched a new, limited edition buy-to-let (BTL) product with a 2-year tenure. The product offers an initial rate of 5.19% and is available up to 75% loan to value (LTV).
Embracing a broad range of borrowers, the new product extends its welcome to first-time landlords and accepts limited company ownership structures.
The 2-year product is available on Vida Tier 48 and caters to loan sizes ranging from £50k to £1m. It comes with a 3% product fee and is applicable to individual units.
The product is also backed by Vida’s Service Pledge. This commitment allows brokers to request a refund of the £180 application admin fee if they are not entirely satisfied with the service received.
Earlier this year, Vida redefined their service proposition with the introduction of the V-Hub. This innovative platform offers intermediaries direct access to decision-makers. The V-Hub boasts impressive service statistics with calls answered within an average of 10 seconds and emails responded to within just 4 hours.
While more information about the product can be found on Vida’s website, prospective customers and intermediaries are urged to act swiftly. Given its limited edition status, the product may be withdrawn at short notice, further underlining the unique opportunity it presents.
