• Residential and Buy to Let (BTL) rates reduced
• New BTL Limited Edition products available up to 75% loan to value (LTV)

 Vida, the specialist lender, have announced they are making rate reductions across their product range.

Residential rates have been reduced by up to 0.35%. Product highlights include Vida 36 two-year fixed at 6.99% and five-year fixed at 6.64%, both at 75% LTV.

 Across BTL, rates are reduced by as much as 0.30%. The lowest Vida 36 initial rate is a five-year fixed at 5.39% with a 4% fee, also at 75% LTV.

 Alongside the rate reductions on their core BTL range, two-year fixed limited-edition products at 65% LTV are available at a rate of 6.35%.

 Two-year fixed limited editions have also been introduced at 75% LTV and 6.50%. These come with a 2% fee and have the same price point for individual units, HMO or MUB.

 Helen Cawthra, Head of Intermediary Relationships said ‘There’s no denying that 2023 has been a difficult year for our industry. At Vida, we have continued to show that we are listening to our intermediary partners and working closely to support borrowers with affordability at a time of increased cost of living and challenging economic circumstances.

We’ve made a whole host of product and criteria enhancements and are pleased to end the year with even more rate reductions and two new limited-edition products.’

All Vida products are backed by the Vida Service Pledge, which allows brokers to request a refund of the £180 application admin fee if they feel they have received anything but excellent service.