Vida Homeloans has announced reductions across its residential and buy-to-let mortgage ranges, including its product transfer (retention) options.

The latest changes include rate cuts of up to 0.30% on selected residential and buy-to-let products, while product transfer rates have been reduced by up to 0.10%.

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.”

NEW BUY-TO-LET LIMITED EDITIONS

Vida has launched new buy-to-let limited edition products on its Vida 36 credit tier. These are five-year fixed rate mortgages at 75% LTV, with a 7% product fee, available for both standard buy-to-let and HMO/MUB purchases.

NEW 90% LTV FEE SAVER PRODUCTS

The lender has also introduced 90% LTV fee saver products in its residential range, available across all credit tiers (Vida 36, Vida 24 and Vida 6) on both two-year and five-year fixed terms. These new products complement Vida’s existing high LTV mortgage options, including the recently launched 3 & Easy range, which offers 97% LTV mortgages for first-time buyers.

Helen Cawthra (pictured), head of intermediary relationships at Vida Homeloans, said: “Vida’s newest high LTV products are further assisting customers with affordability, with the aim of helping more people to finally find a place to call home.

“Especially those wanting to purchase their first home or move on from rented accommodation to become first-time buyers.”