The new deals include a five-year fixed rate buy-to-let deal at 3.64 per cent, available up to 75 per cent loan-to-value (LTV), which comes with a free valuation up to £500,000, a reduced assessment fee of £49 and a £200 contribution towards legal fees.
On the residential side, Vida has also launched a two-year fixed rate remortgage deal at 3.24 per cent, available up to 70 per cent LTV. It comes with free valuation, free standard legals, no product fee and a reduced assessment fee of £49.
Louisa Sedgwick (pictured), director of sales, mortgages at Vida, argued that specialist lending has been vital in supporting the modern mortgage market and helping borrowers to buy, whether for their first property or as an investment.
“Innovative, creative and outside-the-box thinking is a crucial element needed to drive the market forward and provide solutions for those under-served by the high street banks, and we hope our summer headliners will help to achieve that goal,” she concluded.