Vida has added limited edition two- and five-year fixed buy-to-let products to its range.
The products are available up to 75% LTV for purchase and remortgage and can be used for houses in multiple occupation (HMOs) and Multi-Unit Blocks (Mubs).
Landlords using special purpose vehicles (SPVs) and limited companies are also eligible and the products have a fixed fee of £1,995.
The BTL deals are priced at 3.24% fixed for two years and 3.49% fixed for five years for its core BTL range and at 3.39% fixed for two years and 3.74% fixed for five years for its HMOs/Mubs offering.
Vida director of mortgage distribution Richard Tugwell says: “Although the residential purchase sector is getting the national media headlines right now, a thriving private rental sector is just as important to the recovery of the UK housing market.
“Many landlords have experienced issues with rental yield during the Covid-19 pandemic or are investing in specialist property types such as HMOs and Mubs, so they will need the support of expert lenders like Vida who can help them with their more complex requirements. Landlords have an ideal opportunity to extend their BTL portfolios through capital raising and we are confident that our new limited edition fixed fee special is an ideal solution for those looking for greater flexibility up to 75% LTV.”
Original Article from Mortgage Strategy 17/05/2021
