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 has also today updated its buy-to-let criteria.
The firm has extended its four-month offer period on new build and off-plan buy-to-let mortgages by an extra four months.
Additionally, family members are now allowed to live in student let buy-to-let properties.
Vida Homeloans director of sales – mortgages Louisa Sedgwick (pictured) says: “Our aim at Vida is to offer landlords innovation and flexibility in securing the best mortgage deal for their client’s needs, while also ensuring the all-important rate works for their portfolio.
“We have made a number of criteria improvements and we’re confident that brokers will see the value in what we’re aiming to achieve with this set of changes and will respond positively.”
