Vida Homeloans has expanded into the consumer BTL market with a new product range.
These new products offer loans from £50,000 to £2m and come in either two-year or five-year fixed structures.
Rates are available from 4.93% and 5.3% on the two-year and five-year fixed mortgages, respectively.
The products are then further broken down into different LTVs (from 75% to 80%) with fees available as either 0.75% or 2%. Expat versions are available for both.
“We’re proud to be evolving our BTL offering in ways that reflect the real-world needs of landlords and the brokers who support them,” said Ross Williams, head of mortgage product management at Vida.
“Introducing our consumer BTL range marks an important milestone, but it’s the broader enhancements — such as our holiday let and ‘Let to Move On’ propositions announced last week — that truly reflect our commitment to listening to intermediaries and delivering specialist solutions that meet real market needs of customers.”
