It reduces rates by up to 40 basis points
Specialist lender Vida has announced rate reductions on five-year fixes in its buy-to-let product range.
The 75% loan-to-value (LTV) five-year fixed rates on the lender’s Vida 36 tier have been dropped by up to 40 basis points.
As a result of the latest rate cuts from Vida, initial rates for standard property types now start at 5.39% with a 4% fee and at 5.79% with a 2% fee. For HMO and MUB, rates start at 5.54% with a 4% fee or 5.94% with a 2% fee.
Vida has also reduced rates on its five-year fixed BTL limited editions by up to 20bps. The standard limited edition rate on Vida 36 at 75% LTV is now 4.99%, while the initial rate for houses in multiple occupation or multi-unit blocks is 5.14%.
The lender’s latest BTL product guide, accessible online, contains the full details of the lender’s buy-to-let products, reflecting the latest reprice.
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