Vida has reduced rates across its buy-to-let (BTL) and residential product ranges by up to 0.35%.

The BTL reductions are across both two- and five-year products with the largest reductions reserved for houses of multiple occupancy/multi-use buildings and expats.

Cuts have been made to all fee savers and those lower-rate products with a 4% fee.

The products are suitable for both individual landlords and limited company special-purpose vehicles.

The specialist lender has also lowered rates to its residential range, focusing on five-year products, particularly those accepting applicants with higher levels of adverse.

The rates on its two-year right-to-buy products have also been reduced.

Vida head of intermediary relationships Helen Cawthra says: “These new rate reductions in BTL and Residential will help our partners to help more of their customers to secure their specialist mortgage at a lower rate alongside the stability of a five-year fix.”