Vida has announced reduced the rates on its fixed rate residential and buy-to-let ranges, across all Vida tiers.

Rates have been reduced by up to 1.2 percentage points.

The residential products are now available at 80% loan to value (LTV), up from 75%. The best rate available is the Vida 48, a five-year fixed rate at 70% LTV at a rate of 6.49%. 70% and 80% LTV options are available across tiers Vida 48 – Vida 6. A £995 product fee can be added to the loan above the maximum LTV, variable products are also available.

The buy-to-let range is available up to 80% LTV. The best rate is the Vida 48, a five-year fixed term product at 80% loan to value, at 6.29%. A 2% product fee can be added to the loan above the maximum loan to value. The fixed rate products are available for HMO/MUBs and expats, variable products are also available.

In order to support customers more efficiently, Vida says it is able to provide 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 on Vida’s broker portal and on sourcing systems.