Vida enhances limited edition buy-to-let products

The individual BTL product is set at a rate of 4.84%, while the HMO/MUB product has a rate of 5.04%. These options cater to both first-time and experienced portfolio landlords, and are suitable for individual landlords, as well as limited company special purpose vehicles (SPVs).

Vida’s BTL criteria support these products, with features such as no minimum income requirement, consideration of specialist properties like flats above or adjacent to commercial premises, and an interest cover ratio (ICR) of 125% for basic rate taxpayers and SPVs, and 140% for higher rate taxpayers.

“As a lending specialist, we continually seek ways to support our intermediary partners,” said Helen Cawthra (pictured), head of intermediary relationships at Vida. “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 contact the V-Hub to speak with us about their buy-to-let cases. There, they can speak with experts and underwriters directly and be confident in our efficient service levels coupled with dedicated intermediary support.”

As limited editions, Vida said the new products have a restricted tranche size and may be withdrawn at short notice.