Vida has launched a range of limited edition winter products, including a no-charge buy-to-lease (BTL) product up to 75% loan-to-value (LTV).
The rate for the free limited edition product is 2.94% and is fixed for 5 years.
Special Purpose Vehicles (SPVs) are accepted across all of BTL’s ranges, and offers are available for purchases and re-mortgages, as well as for multiple occupancy homes (HMOs) or multi-unit blocks (MUBs). The maximum loan for these products is Â£ 1million.
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Vida has also launched a number of limited edition residential products. As well as a 90% LTV product, fixed over 2 years and at a rate of 4.44%.
Products are available for new purchases, including first time buyers and remortgages.
Richard Tugwell, Director of Mortgage Distribution at Vida, said: âWe are proud to continue to evolve our product line to meet the complex needs of brokers and their clients.
âThe specialty buy and lease market continues to generate continued interest from investors, developers and homeowners looking to take advantage of growing tenant demand and a highly competitive lending environment.
âResidential market activity is also strong and we are confident that our limited edition winter offerings will meet the needs of our channel partners and their customers.
âIt also reinforces our commitment to provide greater opportunities for intermediaries and their clients excluded from large-scale loans. “