BTL rates rise at Vida

Specialist lender, Vida Homeloans, has announced that it has increased rates on 2 and 5-year BTL products in its 'Vida 1 and Vida 2' ranges by 0.50%.

Related topics:  Finance
Warren Lewis
18th March 2020
To Let 690

According to the lender, the maximum LTV on the products will remain unchanged at 85% and 80% for Vida 1 and Vida 2 respectively.

Vida revealed that rates will remain unchanged across Vida 3 and Vida 4 BTL products or on Vida's residential range.

A spokesperson at the lender said: “Rates remain unchanged for Vida Homeloans’ residential range, with customers still able to access the reduced rates announced earlier this month as part of Vida’s spring rate cuts.

"All residential products come with the standard product fee of £995, with the residential Fee Saver offering on hold as of 18th March.

"Vida Homeloans remains committed to working with our intermediary partners to serve the buy-to-let and specialist residential markets and we continue to review our rates on an ongoing basis.”

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