Vida Announces Product and Criteria Enhancements Across Buy-to-Let and Residential Mortgage Ranges

Vida, the specialist lender, has announced a series of enhancements across its Buy-to-Let and Residential product ranges, reinforcing its commitment to being the specialist in specialist and helping more people find a place to call home.

Buy-to-Let Product and Policy Enhancements

• Rate Reductions of up to 0.51% across new business products:

Vida has repriced much of its Buy-to-Let range, delivering rate cuts of up to 0.51% to support landlords in a competitive market.

• Lower Minimum Loan Size on Limited Editions

The minimum loan size for selected Limited Edition BTL products has been reduced from £200,000 to £150,000, broadening access to more clients.

ICR Policy Update

Vida has refined its Interest Coverage Ratio (ICR) criteria to better reflect borrower tax status:

• New Blended ICR of 135% introduced for applications involving both Basic and Higher Rate taxpayers, a reduction of 5% from Vida’s current approach.

• Higher Rate Taxpayer ICR increased from 140% to 145%

• Basic Rate and SPV ICRs remain unchanged at 125%

HMO & MUB Criteria Summer Special

Vida has temporarily increased the maximum allowable size for:

• HMOs: From 6 to 8 bedrooms

• MUBs: From 6 to 8 units

These changes apply to properties held on a single freehold title, with valuation thresholds remaining unchanged.

Residential Product and Affordability Enhancements

• Vida has also repriced its Residential range, with reductions of up to 0.54% across new business products.

• Improved Affordability: The lender has updated its Residential Affordability Calculator, including a further reduction in the 2-year stress rate, helping more customers qualify for the borrowing they need.

Ross Williams, Head of Product Management at Vida, commented:

“These enhancements reflect our ongoing commitment to evolving with the market and supporting brokers with products that meet the real-world needs of their clients. Whether it’s sharper pricing, broader criteria, or improved affordability, we’re focused on helping intermediaries deliver better outcomes.”