Vida is making rate reductions across its product range.

Residential rates have been reduced by up to 0.35%. Product highlights include Vida 36 two-year fixed at 6.99% and five-year fixed at 6.64%, both at 75% LTV.

Across buy-to-let, rates are reduced by up to 0.30%. The lowest Vida 36 initial rate is a five-year fixed at 5.39% with a 4% fee, also at 75% LTV.

Alongside the rate reductions on its core buy-to-let range, two-year fixed limited-edition products at 65% LTV are available at a rate of 6.35%.

Two-year fixed limited editions have also been introduced at 75% LTV with a rate of 6.50%. These come with a 2% fee and have the same price point for individual units, HMO or MUB.

Helen Cawthra (pictured), Vida’s head of intermediary relationships, said: “There’s no denying that 2023 has been a difficult year for our industry. At Vida, we’ve continued to show that we’re listening to our intermediary partners and working closely to support borrowers with affordability at a time of increased cost of living and challenging economic circumstances.

“We’ve made a whole host of product and criteria enhancements and are pleased to end the year with even more rate reductions and two new limited-edition products.”