According to the firm, HTB purchase and remortgage rates have been cut by up to 0.31%, with rates now starting from 3.67%. The refresh also includes a brand new 2-year Fixed rate range based on the lender’s 4.8% Revert Rate Special, which has been extended to all tiers.
Vida’s HTB offering is available up to 80% LTV for a Scottish purchase and 75% in England, London and Wales. Vida is also the first specialist lender to offer 85% LTV remortgage when staircasing.
Supporting the refresh, Vida offers a customised New Build process, which includes a fast-tracked initial offer lasting six months, extendable by a further six months, along with a dedicated New Build underwriting team.
The minimum income level requirement for all loans is £15,000 and up to four separate incomes can be accepted for HTB products.
Louisa Sedgwick, Director of Sales, Mortgages at Vida Homeloans, comments: “The UK saw over 52,000 new home purchases completed under the Help to Buy scheme in the year up to March 2019, an increase of 9 per cent compared with the year before. It’s clear the much-loved Help to Buy scheme continues to prove its value, helping thousands of people to secure their first home.
We are pleased to be refreshing our Help to Buy proposition, offering even better rates to further support this evolving and resilient sector of the market.”
