The product is available at 75 per cent loan to value (LTV) and has a rate of 5.19 per cent.
It is available on its tier 48 criteria, which is open to those who have not had credit blips in up to 48 months. The lender will accept first-time landlords and limited company borrowers.
The mortgage is available for loan sizes of £50,000 to £1m and has a three per cent product fee. Single unit properties are eligible.
The product falls under Vida’s Service Pledge initiative, which allows brokers to request a refund of the £180 application admin fee if they feel the service was less than excellent.
The lender reminded that the limited edition could be pulled at any time, at short notice.
TSB ups rates
TSB has announced that it will increase rates across select mortgages by as much as 0.75 per cent, as of 7 June.
Within its residential range, two and five-year fixed purchase mortgages for shared ownership will rise by up to 0.7 per cent, while two-year fixed remortgage rates for shared ownership will increase by up to 0.65 per cent.
TSB’s five-year fixed shared equity purchase rates will rise by up to 0.6 per cent, while two-year fixed shared equity remortgage rates will increase by 0.65 per cent.
The lender will also relaunch its two-year fixes across its buy-to-let range, with remortgage and purchase rates now starting from 5.29 per cent. The five-year fixed purchase and remortgage rates within the offering will increase by 0.7 per cent.
Its two and five-year fixed buy-to-let product transfer rates will be increased by as much as 0.75 per cent, as will additional borrowing deals.
