"We have quickly established ourselves as a lender with an appetite for specialist residential and buy-to-let business..."
Vida’s two-year tracker rates now start from 3.24%, its two-year fixed rates from 3.34% and its five-year fixed rates from 3.89%. These rates apply to all individual, limited company and HMO applications.
Vida’s BTL rental cover requirements are 125% cover with top up from 115% for basic rate tax payers, 140% cover with top up from 120% for higher rate tax payers, and HMOs from 130% cover.
Louisa Sedgwick, Director of Sales – mortgages, commented: “We have quickly established ourselves as a lender with an appetite for specialist residential and buy-to-let business, and these changes should ensure that we remain very competitive in this important segment of the buy-to-let market. We already had some great criteria in areas such as limited companies and SPVs, flats above commercial premises and HMOs up to 8 bedrooms. Now we have even more competitive pricing too.”