The two-year product is now available at an initial rate of 5.04%
Specialist lender Vida Homeloans has reduced the rate of its buy-to-let limited edition product.
The now more-affordable two-year product is available on Vida Tier 48, at an initial rate of 5.04% at up to 75% loan-to-value (LTV).
The lender has also changed the product fee to a fixed fee of £4,995 to assist larger loan borrowers.
We’ve reduced the rate of our Buy to Let Limited Edition product to an initial rate of 5.04% 🎉
— Vida Homeloans (@VidaHomeloans) June 16, 2023
Additionally, we’ve changed the product fee to a fixed fee, assisting more of your large loan borrowers.https://t.co/KaW7ZPjMLM pic.twitter.com/S6wQPzbdOp
Vida said that, as a limited edition, the product – launched earlier this month at 5.19% – may be withdrawn at short notice.
The specialist lender said all its products were backed by a service pledge, which allows brokers to request a refund of the £180 application admin fee if they felt they had not received excellent service.
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