Vida has announced rate reductions in its buy-to-let product range.

Five-year fixed rates at 75% loan to value (LTV) on its Vida 36 tier have been dropped by up to 0.40%.

For standard property types, initial rates now start at 5.39% with a 4% fee or 5.79% with a 2% fee.

For HMO and MUB, rates start at 5.54% with a 4% fee or 5.94% with a 2% fee.

Alongside these reductions, its five-year fixed buy-to-let limited editions are also being cut by up to 0.20%.

The standard limited edition rate on Vida 36 at 75% LTV is now 4.99%. For HMO/MUB the initial rate is 5.14%.