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Vida adds limited edition BTL deals; Aldermore offers temporary rate cuts – round-up

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  • 01/02/2023
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Vida adds limited edition BTL deals; Aldermore offers temporary rate cuts – round-up
Vida has launched limited edition five-year fixes for buy-to-let borrowers at 75 per cent loan to value (LTV).

The products have a rate of 5.24 per cent for standard buy-to-let, and 5.44 per cent for houses of multiple occupation (HMO). 

There is a three per cent fee, it is open to first time or portfolio landlords, and will allow up to four applicants with combined incomes. 

Vida’s usual buy-to-let criteria applies.  

Helen Cawthra, head of intermediary relationships at Vida, said: “As the lending specialist, we are constantly assessing the market, monitoring demand, and looking at ways to support our intermediary partners.  

“These new limited editions will allow a variety of landlords to access products with a lower rate that suits their specialist requirements, with the stability of a five-year fix.” 

 

Aldermore launches limited edition rate reductions 

Aldermore has made limited edition cuts to fixed rate mortgages for buy-to-let and residential borrowers. 

Landlords will see rates reduced by up to 0.75 per cent while for owner-occupiers, pricing has been cut by up to 0.97 per cent. 

Across the buy-to-let range for individual and company landlords with single properties, the five-year fix up to 75 per cent LTV with a 1.5 per cent fee now has a rate of 5.54 per cent. 

For those with multiple properties, the equivalent product has a rate of 5.44 per cent. 

Across its residential offering, the fee-free two and five-year fixes up to 75 per cent LTV are both priced at 5.49 per cent. 

Jon Cooper, head of mortgages at Aldermore, said: “We want to help people to go for it in life and business, so we’re delighted to announce improvements to our mortgage range for both landlords and owner-occupiers. 

“Our deep expertise and experience mean we’re committed to understanding and supporting customers better. We treat people as individuals and our ultimate aim is to give more people the chance to get the finance they need.” 

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