Rates start at 6.44%
Specialist lender Vida has unveiled a new range of limited edition two- and five-year products at up to 65% loan-to-value (LTV) across buy-to-let and residential ranges on its Vida 36 tier.
Residential and buy-to-let product initial rates are 7.19% and 6.79% respectively on a two-year fix, and 6.94% and 6.44% respectively on the five-year option.
The BTL products are available on standard, houses of multiple occupancy, and multi-unit blocks. They have a fixed fee of £4,995, while the residential products have a £995 fee.
All products are backed by Vida’s Service Pledge, which allows brokers to request a refund of the £180 application admin fee if they feel they have not received excellent service.
We've launched a number of new 65% LTV Limited Editions across our Residential and Buy to Let ranges 🎉
— Vida Homeloans (@VidaHomeloans) September 5, 2023
To view our Residential Limited Editions âž¡ https://t.co/kDNDZp6WSB
To view our Buy to Let Limited Editions âž¡ https://t.co/R0OfMYRbpt pic.twitter.com/D0HWehF7EC
The specialist lender, which has launched limited edition BTL products a couple of times already this year, said the new product – being limited edition – may be withdrawn at short notice.
“We are pleased to be able to offer a new range of limited edition products to both landlords and homeowners, providing more options to our intermediary partners and their clients,” said Helen Cawthra (pictured), head of intermediary relationships at Vida Homeloans. “For landlords, our BTL limited edition with a fixed fee of £4,995 could also help those looking to borrow larger amounts.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, Twitter, and LinkedIn.
