Vida Homeloans has introduced rate reductions across its residential and buy-to-let ranges, with some products seeing cuts of up to 0.50%.
The specialist lender confirmed that rates on its residential mortgage range have been reduced by as much as 0.45%, while its buy-to-let products now benefit from reductions of up to 0.50%.
The changes come amid a broader shift in market sentiment following the recent decline in swap rates and the Bank of England’s decision to lower the base rate to 4.25%.
Alongside the rate cuts, Vida has also unveiled new limited edition buy-to-let mortgages. Available up to 65% loan-to-value, these products offer both 2-year and 5-year fixed terms and carry a 4% fee.
Rates on the new offerings start from 3.52%, providing landlords with additional options at a time when product choice remains a key concern.
Ross Williams, head of mortgage product management at Vida Homeloans, said: “With swap rates dropping and the base rate reduction to 4.25%, we’re in a position to lower the majority of our rates and pass these savings on directly to borrowers.”
The lender continues to promote its V-Hub as a resource for intermediaries, offering access to case handlers, specialist underwriters and criteria experts. The hub is designed to support brokers navigating complex lending scenarios, particularly in the specialist and buy-to-let sectors.
