Vida has reduced its residential and buy-to-let (BTL) ranges by up to 0.30%.

The latest reductions include most residential products being cut by up to 0.20% and BTL products being lowered by up to 0.30%.

A selection of product transfer (retention) products have also been reduced across residential and BTL by up to 0.25%.

Vida’s lowest price residential product is a five-year fixed product on the Vida 36 credit tier, with a rate of 6.04% at 75% loan-to-value (LTV).

Meanwhile, the lender’s best BTL product is a limited edition with 6% fee, priced at 4.29%, also on the Vida 36 credit tier at 75% LTV.

Vida’s cuts come as Coventry for intermediaries, Co-operative bank for intermediaries, Molo and LiveMore all said they will either withdraw products or raise rates by the end of the week amid uncertainty over whether the Bank of England will push through two rate cuts this year as unrest in the Middle East threatens to lift oil prices and push up inflation.

Vida head of intermediary relationships Helen Cawthra says: “Due to rates falling in the market meaning lower funding costs, we’re pleased to be able to pass on yet more reductions to our intermediary partners and customers.”