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Vida cuts BTL, resi and retention deals; Bluestone Mortgages lowers rates – round-up

Anna Sagar
Written By:
Posted:
August 7, 2024
Updated:
August 7, 2024

Specialist lender Vida has lowered buy-to-let (BTL) rates by up to 0.25%, residential rates by up to 0.3% and product transfer deals by around 0.35%.

The lender’s BTL limited-edition Vida 36 five-year fixed rate at 75% loan to value (LTV) for houses in multiple occupation (HMOs) or multi-unit blocks (MUBs) is 4.86% with a 6% fee.

Its residential limited-edition Vida 36 five-year fixed rate at 90% LTV is 6.64% with a fee of £1,495.

Helen Cawthra, head of intermediary relationships at Vida, said: “With the recent base rate change, we are delighted that we can bring these price reductions to our partners and customers across our ranges.

“Intermediaries can contact the V-Hub to discuss any case and take advantage of these rate reductions. With direct access to our specialist experts and underwriters, intermediaries can be confident in our efficient service levels coupled with dedicated support.”

 

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Bluestone Mortgages cuts rates

Bluestone Mortgages has lowered rates across its whole product range, including residential, Right to Buy and Deposit Unlock.

Pricing has been lowered by up to 0.4% across standard and fee-free ranges, with pricing beginning at 6.34% at 65% LTV.

Mark Hollands, head of sales and distribution at Bluestone Mortgages, added: “Following last week’s base rate announcement and a fall in swap rates, we’re pleased to be able to pass on rate reductions to our customers.

“These reductions demonstrate our commitment to providing customers who do not fit the traditional lending criteria with the solutions they need to climb onto or up the property ladder.”