Vida Homeloans’ new range has rates which start at 2.79% for specialist residential mortgages and 2.89% for specialist BTL business deals, both available at up to 70% loan to value (LTV).
Maximum loan to values (LTVs) in the premier range are 85% for residential and 80% for BTLs, with rates going to 3.49% and 3.44% respectively at max LTVs.
The range is also accessible to customers with impaired credit histories, meaning no CCJs or defaults in the last three years.
Vida said this is its most competitive range yet, and is introduced after criteria changes announced last week, which included raising maximum LTVs for first-time buyers to 90%, and raising the maximum loan amount for BTL portfolios to £4m.
Louisa Sedgwick (pictured), director of sales, mortgages at Vida Homeloans said: “Vida Homeloans is committed to offering flexibility and value to both residential and buy-to-let customers, and the Vida Premier range is part of that commitment.”
“Now our new range also offers attractive rates to those customers with appropriate credit records,” Sedgwick added.