Vida Homeloans has made reductions across its whole product range.

It has also improved its buy-to-let criteria and streamlined the broker application experience.

The latest reductions include the whole of the residential range of products being cut by up to 15 basis points (bps) and all buy-to-let products reduced by up to 26bps.

RETENTION

Product transfer products have also been reduced across residential and buy-to-let by up to 20bps.

Vida, which recently become a fully authorised bank, has also made changes to its buy-to-let affordability criteria. Where there is no additional borrowing, buy-to-let applications will now be stressed at pay rate. ICRs remain unchanged.

The specialist lender has also improved its process of document certification. Documents that require certification can now be completed using digital signatures, making this part of the application process quicker and easier for brokers and customers.