Specialist lender Vida has reduced its BTL rates by up to 30 bps.
According to the lender, the latest reductions apply to new business products.
Following the change, the firm’s cheapest BTL product is now priced at 5.01%, also on the Vida 36 credit tier at 75% LTV.
The rate cuts also apply to the lender’s residential products, include the recently launched two-year fixed, 90% LTV limited-edition options for first time buyers.
Helen Cawthra, head of intermediary relationships at Vida (pictured above), said: “Due to rates falling in the market meaning lower funding costs, we’re pleased to be able to pass on yet more reductions to our intermediary partners and customers.
“With direct access to our specialist experts and underwriters, intermediaries can be confident in our efficient service levels coupled with dedicated support.”
