Home » Vida Homeloans cuts resi and BTL rates by up to 120bps  

Vida Homeloans cuts resi and BTL rates by up to 120bps  

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Vida Homeloans has cut rates on its fixed-rate residential and buy-to-let ranges, across all tiers by up to 120 basis points.

The specialist lender says its residential products are now available at 80% loan to value, up from 75% previously.

Its residential best rate is Vida 48, a five-year fixed-rate loan at 70% LTV at 6.49%. The firm adds that 70% LTV and 80% LTV options are available across tiers Vida 48 – Vida 6. A £995 product fee can be added to the loan above the maximum LTV, variable products are also available.

The lender’s BTL range is available up to 80% LTV, with the best rate being Vida 48, a five-year fixed-term offer at 80% LTV, at 6.29%. A 2% product fee can be added to the loan above the maximum LTV. It adds that fixed-rate products are available for houses in multiple occupation, multi-unit blocks and expats. Variable products are also available.

The firm says it can provide a decision-in-principle referral within 24 hours, an initial underwriter review in two working days and a valuation receipt in seven working days.

These products are available on the lender’s broker portal and on sourcing systems.

Last month, the lender relaunched its range of residential and BTL fixed-rate products.

The specialist lender says its residential range is available for first-time buyers and home movers, as well as remortgages, including capital raising for debt consolidation.

Finopulse

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Finopulse.
Publisher: Roger Baird

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