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Vida announces further rate reductions across product range
12/8/2022 12:00:00 AM
  • Reductions on both residential and buy to let ranges across all Vida tiers
  • Fixed rates reduced by up to 0.70% with variable rates reduced by up to 1.35%
  • Fees on BTL 2-year fixed products reduced to 1%

Vida, the specialist lender, has announced it has reduced rates across its’ residential and buy to let ranges by up to 1.35%.

Residential variable rate products are now available at up to 80% Loan to Value (LTV), helping those buyers with a smaller deposit and the Vida 48, is a two-year variable mortgage at 70% LTV offering a rate of 6.29%. 

Fixed rates have been reduced by as much as 0.70% with the lowest Vida 48 rate being 70% LTV with a five-year fixed at 6.39%.

On buy to let, variable rates have been cut by as much as 1.35%. The best rate available is the Vida 48, 80% two-year variable at 5.49%

Product fees have also been halved from 2% to 1% on buy to let two-year fixed rate products.

Helen Cawthra, Head of Intermediary Relationships at Vida commented:

“Last week, we launched our new centralised decisioning unit, V-Hub, which gives intermediaries direct access to dedicated underwriters who will help them with every type of query from pre application through to complex case management and completions. This week, we are further strengthening our proposition with reductions across our entire product range, giving brokers attractive options to discuss with their clients.”

Vida provides a DIP referral within 24 hours, an initial underwriter review in two working days and a valuation receipt in seven working days.

The products are now available via Vida’s broker portal and on sourcing systems. 

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