Vida Homeloans has reduced several five-year fixed rate buy-to-let products by up to 0.75 percentage points.

In addition, five-year buy-to-let expat rates are also reduced, and are available for customers located in over 190 countries.

The cuts apply to HMOs, Multi-Unit Blocks, limited companies, loans above £1m and first-time buyers/first-time landlords.

The current reduced fee of 1% also applies on these new rates.

Louisa Sedgwick (pictured), director of sales – mortgages at Vida Homeloans, said: “Vida Homeloans is always keen to offer the best value to both residential and buy-to-let customers, and that commitment is shown with this change to our five-year fixed rate buy-to-let product.

”Our aim at Vida is to allow mortgage brokers to secure the best deal for their landlord clients. The fact that specialist niches such as limited companies, HMOs and expats are included makes them even more appealing, and we are confident that we will see a positive response from brokers.”