Vida has announced rate reductions across its product range.

All buy-to-let rates have been reduced, alongside a number of residential rates.

On buy-to-let, fixed rates are reduced by top to 0.40% with the lowest Vida 36 product being a five-year fixed at 75% loan to value (LTV) with an initial rate of 6.29%.

For residential, a standard five-year fixed at 75% LTV on Vida 36 has an initial rate of 7.19%, down by 0.20%.

Alongside the rate reductions on its buy-to-let range, the lender has launched a new Limited Edition product extending availability to HMOs and MUBs. The two-year fixed is available up to 75% LTV on Vida tier 36 at an initial rate of 5.79%.

Similar reductions have been made across Vida’s range of retention products.

Helen Cawthra, Vida’s head of intermediary relationships, said: “As the specialist lender, we are always looking at ways to support our intermediary partners and their customers at what is a challenging time for borrowers. Today’s rate reductions across our product ranges will provide more options for new and existing borrowers.”