Vida Homeloans has introduced a new range of Help to Buy specialist mortgage products for first time buyers, movers and remortgagers.

The new range includes an option designed for Help to Buy staircasing.

For purchasers, Vida includes one free standard valuation and £200 contribution to legal fees, with two-year fixed rates from 3.79% for qualifying new builds up to Help to Buy limits (£600k in England/London, £300k Wales and £200k Scotland).

Gifted deposits and a Help to Buy ISA (including bonus) are permitted, with builder incentives considered above a customer’s 5% deposit.

Vida is also offering a Help to Buy remortgage option, with two-year fixed rates from 4.39%. The remortgaging options include both a ‘pound for pound’ product for those wishing to reduce their mortgage payments, as well as a staircasing option for customers wishing to increase their equity stake. Remortgage products include a £0 product fee, one free standard valuation and a £200 contribution to legal fees.

Vida’s specialist lending criteria apply to all its Help to Buy products, including a minimum income of £15k, up to four incomes accepted, impaired credit history and complex incomes considered and new build criteria, including fast-tracked initial offer lasting six months, extendable by another six, and a dedicated new build processing team.

Louisa Sedgwick (pictured), director of sales, mortgages at Vida Homeloans, said: “Vida is thrilled to be able to further support the evolving and resilient first time buyer market by announcing new Help to Buy purchase and remortgage products.

“The Help to Buy scheme has already proved to be of great value to first time buyers, helping to secure their first foot on the property ladder. With the number of first time buyers reaching a 12-year high last year, it’s vital that the mortgage lending industry does its bit to continue supporting this demographic, driving the market forward.”