Vida Homeloans has added limited edition buy-to-let (BTL) products to its standard BTL and house in multiple occupation (HMO) offering.

The two products have lower initial rates and higher product fees to provide the option for borrowers to maximise loan size and affordability.

Vida confirmed the products offer a 75% loan-to-value (LTV) on a five-year fixed rate, with a 3% fee. The standard BTL product has a rate of 5.24% with the HMO product at 5.44%.

The specialist lender also stated that the offering is available to first-time or portfolio landlords and up to four applicants with combined incomes, and that the products are suitable for individual landlords, or for Day 1 Limited Company SPVs.

Head of intermediary relationships at Vida, Helen Cawthra, said: “As the lending specialist we are constantly assessing the market, monitoring demand, and looking at ways to support our intermediary partners.

“These new limited editions will allow a variety of landlords to access products with a lower rate that suits their specialist requirements, with the stability of a five-year fix.

“Intermediaries can speak to us about their buy to let cases by contacting the V-Hub, where they can speak with experts and underwriters directly and be confident in our efficient service levels coupled with dedicated intermediary support.”

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