Vida Homeloans has relaunched its range of buy-to-let (BTL) and residential products to the mortgage market.
The specialist lender confirmed its BTL range is now available for loans from £100,000 up to a maximum of £1m, with loans open to landlords, individual purchasers or through SPV, first-time buyers and expats.
Property types that qualify for this range consist of individual units including flats, flats above commercial units, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).
“Loans will have a maximum loan-to-value (LTV) of 80% for individual units, HMOs and MUBs, and 75% LTV for expats,” the lender stated. “Rates range from 5.9% to 6.24% and there are no early repayment charges during the first two years of the variable term.”
For its residential range, Vida also confirmed it is available for loans from £75,000 up to a maximum of £2m, with products available to all customers, including purchase, remortgages, first-time buyers, debt consolidation and capital raising, as well as the full range of properties.
Initial rates range from 5.49% up to 6.34%, with 75% to 85% LTV for first-time buyers, purchase, remortgage and available across all adverse tiers.
“Loan terms range from five years up to 40 years across both BTL and residential ranges,” Vida added.
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