Vida has reduced rates across its residential and buy-to-let ranges by up to 1.35 percentage points.

Residential variable rate products are now available at up to 80% loan to value (LTV), helping those buyers with a smaller deposit and the Vida 48, is a two-year variable mortgage at 70% LTV offering a rate of 6.29%.

Fixed rates have been reduced by up to 0.70 percentage points with the lowest Vida 48 rate being 70% LTV with a five-year fixed at 6.39%.

On buy-to-let, variable rates have been cut by up to 1.35 percentage points. The best rate available is the Vida 48, 80% two-year variable at 5.49%

Product fees have also been halved from 2% to 1% on buy-to-let two-year fixed rate products.

Helen Cawthra, head of intermediary relationships at Vida, said: “Last week, we launched our new centralised decisioning unit, V-Hub, which gives intermediaries direct access to dedicated underwriters who will help them with every type of query from pre application through to complex case management and completions.

“This week, we are further strengthening our proposition with reductions across our entire product range, giving brokers attractive options to discuss with their clients.”