Vida Homeloans has introduced reductions on its residential products by up to 30 basis points (bps) and buy-to-let products by up to 54bps.

The specialist lender has also announced a refreshed Fee Saver range with new products across residential and buy-to-let, available for standard, HMO/MUB, and Expat cases.

In addition, it has lowered the minimum loan size to £150k for buy-to-let Limited Editions, allowing landlord customers more options for lower-value properties.

Vida has also expanded its list of accepted Scottish postcodes, now including 14 additional postal codes.

Ross Williams, head of mortgage product management at Vida Homeloans, said: “We’ve seen swap rates in the market drop over the course of January.

“We always endeavour to pass these savings on to our potential customers through rate reductions across our ranges.”