Vida is making changes to its limited edition buy-to-let products.
Changes include reducing three of the current limited edition buy-to-let products, one of which sees a reduction of 0.25 percentage points.
The three products have a fee structure with a fixed fee of £1,995.
Rates begin at 2.89% for its two-year fixed and five-year fixes start from 3.14%. SPVs are accepted across all buy-to-let ranges, and the deals are available for both purchases and remortgages. The maximum loan available for these products is £1,000,000.
Richard Tugwell (pictured), director of mortgage distribution at Vida, said: “As the industry celebrates 25 years of buy-to-let, we wanted to show our commitment to the sector by making these changes to our limited edition buy-to-let products to ensure they are highly competitive on both rates and fees. This provides an attractive overall total cost to those landlords either seeking to expand or build their existing portfolio.
“We have been listening to our intermediaries and despite the challenges the mortgage market has faced over recent years, the UK buy-to-let sector is very much alive, and these changes are aimed at supporting our customers in achieving portfolio growth and reinforces our commitment to offering greater opportunities for intermediaries and their customers locked out of high street lending.”
