The latest reductions include the majority of residential products being cut by up to 0.20% and BTL products being cut by up to 0.30%, A selection of product transfer (retention) products have also been reduced across residential and BTL by up to 0.25%.
Vida’s lowest price residential product now is a 5-year fixed product on the Vida 36 credit tier, with a rate of 6.04% at 75% LTV, and the best BTL product is a limited edition with 6% fee, priced at 4.29%, also on the Vida 36 credit tier at 75% LTV.
Helen Cawthra, Head of Intermediary Relationships at Vida said:
“Due to rates falling in the market meaning lower funding costs, we’re pleased to be able to pass on yet more reductions to our intermediary partners and customers. Brokers can take a look at our Product Switch Hub should they have any customers coming to the end of their deal looking for a new product or potentially cheaper rate. Intermediaries can contact the V-Hub to discuss any case and take advantage of these rate reductions. With direct access to our specialist experts and underwriters, intermediaries can be confident in our efficient service levels coupled with dedicated support.”
