View more on these topics

Vida Homeloans cuts rates on BTL products

Vida Homeloans has cut its two-year tracker, two-year fixed and five-year fixed rates on buy-to-let products by up to 0.60 per cent.

The intermediary-only lender has also reduced the revert rates across its BTL range.

Vida’s two-year tracker rates are reduced to 3.24 per cent, its two-year fixed rates to 3.34 per cent and its five-year fixed rates to 3.89 per cent. These rates apply to all individual, limited company and HMO applications.

Vida’s BTL rental cover requirements are as follows:

  • Basic rate UK tax payers 125 per cent cover with top up from 115 per cent
  • Higher rate UK tax payers 140 per cent cover with top up from 120 per cent
  • Trading limited companies/SPV/LLP 125 per cent cover with top up from 115 per cent
  • HMOs from 130 per cent cover

Director of sales Louisa Sedgwick says: – mortgages comments: “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.”



Tenet signs distribution deal with Vida Homeloans

Tenet will now be selling mortgages from specialist lender Vida Homeloans. Vida was launched last year to help residential and buy-to-let customers who may not fit high street lenders’ criteria. TenetLime managing director Gemma Harle says: “As a newcomer, Vida has been able to adopt modern mortgage lending technology from the outset and combine it […]


Paradigm adds Vida Homeloans to lender panel

Paradigm Mortgage Services has added Vida Homeloans to its lender panel. All Paradigm advisers and member firms will now have access to the lender’s range of specialist residential and buy-to-let mortgages as a result. Vida Homeloans’ products inclede mortgages for the self-employed, those with an impaired credit history, those looking to purchase together, contractors/short-work history […]


Vida Homeloans cuts rates and fees

  Vida Homeloans has cut buy-to-let mortgage fees and rates and has made further tweaks to its criteria. The lender has cut its buy-to-let product fees by £500 on all loans below £250,000. The fee is now £1,495. On larger loans, Vida has reduced its rates by 0.25 per cent to 1.25 per cent. Vida […]

Diversified cashflows are key

Dividends are under pressure in some areas: but reliable yields can still be found. So says Adrian Frost, manager of the Artemis Income Fund, in conversation with Lawrence Gosling.


News and expert analysis straight to your inbox

Sign up