Vida has reduced rates across its BTL product range by up to 35 bps.
The rate cuts apply to the lender’s two- and five-year options — including all fee savers products and the lower-rate options with a 4% fee — with the largest reductions reserved for HMOs/MUBs and expats.
Vida’s products are available for a range of borrowers, including first-time and portfolio landlords, individual borrowers and limited company SPVs.
In addition, the lender has also lowered rates across its residential range.
Helen Cawthra, head of intermediary relationships at Vida (pictured above), said:
“These new rate reductions in BTL and residential will help our partners to help more of their customers to secure their specialist mortgage at a lower rate alongside the stability of a five-year fix.”
