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.”
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.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
