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Vida revamps buy-to-let and residential rates

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  • 19/09/2017
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Vida revamps buy-to-let and residential rates
Vida Homeloans has unveiled its lowest ever buy-to-let and residential rates.

The Limited Edition range is available for residential and buy-to-let mortgages up to 70% loan to value (LTV). The products are available for two and five-year fixed rates.

For the new buy-to-let range, rates start at 3.14% for a two-year fixed rate and 3.64% for a five-year fixed rate. The maximum loan size is £750,000.

Vida has also increased the maximum for all other buy-to-let loans to £750,000 and the maximum portfolio level has been increased from £1.5m to £2m.

On the residential side, the two-year fixed rate is available from 2.69% and 2.99% for a two-year fixed rate fee saver (with no product fee; valuation fee refund up to £650; and free standard legals on remortgages). The maximum residential loan size is £1m.

Louisa Sedgwick, director of mortgage sales, said: “Vida Homeloans is committed to offering flexibility and value to both residential and buy-to-let customers, and the Limited Editions range is part of that commitment. We are delighted to be helping intermediaries source suitable products for their clients who have been underserved by the mainstream market.”

The launch follows Vida’s confirmation that it will continue to cater to portfolio landlords when regulatory changes come in at the end of September.

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