Vida Homeloans has reduced 5-year fixed rate buy-to-let products by up to 0.75% for HMOs, multi-unit blocks, limited companies, loans above £1m and first-time buyers/first-time landlords.
In addition, 5-year buy-to-let expat rates are also reduced, and are available for customers located in over 190 countries. The current reduced fee of 1% also applies on these new rates, offering even better value for smaller buy-to-let loans.
Louisa Sedgwick, director of sales, mortgages, at Vida Homeloans, said: “Vida Homeloans is always keen to offer the best value to both residential and buy-to-let customers, and that commitment is shown with this change to our 5-year fixed rate BTL product.
”Our aim at Vida is to allow mortgage brokers to secure the best deal for their landlord clients. The fact that specialist niches such as limited companies, HMOs and Expats are included makes them even more appealing, and we are confident that we will see a positive response from brokers.”
These changes follow a series of new product launches and updates from Vida, including the recent introduction of its helping hand mortgage, the first joint borrower sole proprietor mortgage from a specialist lender.