Vida has unveiled rate reductions to its existing fixed rate buy-to-let and residential products.

Residential rates have been cut by up to 105 basis points (bps).

Product highlights include:

• Vida 36 standard two-year fixed at 6.49% and five-year fixed at 6.14%, both at 75% LTV
• Vida 36 fee saver five-year fixed at 6.34% at 75% LTV

Across buy-to-let, standard and limited-edition rates have been cut by up to 80 bps. Product highlights include:

• Vida 36 standard five-year fixed at 5.04% at 75% LTV
• Standard limited-edition two-year fixed at 6.00% at 65% LTV or 6.20% at 75% LTV. Available at the same price point for individual units, HMO or MUB.

Reductions have also been made across the range of retention products by up to 75bps.

All Vida products are backed by the Vida Service Pledge, which was introduced at the beginning of last year and allows brokers to request a refund of the £180 application admin fee if they feel they have received anything but excellent service.

Helen Cawthra (pictured), head of intermediary relationships at Vida, said: “As we start the year with growing confidence in the market and swap rates improving, we’re pleased to share the latest reductions to our fixed rate product range, helping both new and existing customers.”