CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Vida Homeloans cuts its buy-to-let rates
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Vida Homeloans cuts its buy-to-let rates PDF Print E-mail
Tuesday, 28 March 2017
Vida Homeloans, the specialist mortgage lender for intermediaries, has today cut its two-year tracker, two-year fixed and five-year fixed rates on buy-to-let products by up to 0.60% and reduced the revert rates across its entire buy-to-let product range. 

The rate cuts mean that Vida’s two-year tracker rates are reduced to as low as 3.24%, its two-year fixed rates to 3.34% and its five-year fixed rates to 3.89%. These rates apply to all individual, limited company and HMO applications.

Vida’s BTL rental cover requirements are as follows:
· Basic rate UK tax payers 125% cover with top up from 115%
· Higher rate UK tax payers 140% cover with top up from 120%
· Trading limited companies/SPV/LLP 125% cover with top up from 115%
· HMOs from 130% cover

Louisa Sedgwick, Director of Sales – mortgages comments: “We have quickly established ourselves as a lender with an appetite for specialist residential and buy-to-let business, and these changes should ensure that we remain very competitive in this important segment of the buy-to-let market. We already had some great criteria in areas such as limited companies and SPVs, flats above commercial premises and HMOs up to 8 bedrooms. Now we have even more competitive pricing too.”

Ying Tan, Managing Director, Buy to Let Club adds: “With these new rates, Vida Homeloans is definitely positioning itself at the top of the BTL charts. These changes will help us offer our landlords innovation and flexibility in securing the best mortgage deal for their client’s needs, while also ensuring the all-important rate works for their portfolio.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197