Vida Homeloans has revised its Fee Saver residential mortgage offering.

Properties up to £500,000 now qualify for a free valuation and a £49 assessment fee.

There are no product fees and standard legals are free on remortgages across the entire Fee Saver range.

Vida has also introduced a 1% fee (minimum £495) for buy-to-let mortgages on its Vida 1 tier up to a maximum loan size of £125,000, replacing the previous fixed fee of £1,995.

Louisa Sedgwick (pictured), director of sales – mortgages at Vida Homeloans, said: “We are always listening to feedback from mortgage intermediaries here at Vida Homeloans and constantly look for new ways to ensure our products suit borrowers who are currently not well-served by high street lenders.

“These changes to our Fee Saver residential product and specialist buy-to-let range show our continuing appetite to grow our specialist mortgage lending.”