Specialist lender Vida has cut rates on its residential and buy-to-let mortgage ranges by up to 0.30%.
New business residential product rates are reducing from between 0.15% to 0.30%, while BTL new business deal cuts range from 0.05% to 0.30%.
The lowest price residential product is on the Vida 36 credit tier, with a new rate of 6.24% at 75% LTV, and the cheapest BTL product is priced at 5.01%, also on the Vida 36 credit tier at 75% LTV.
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. Brokers should take a look at our Product Switch Hub should have they have any customers coming to the end of their deal looking for a new product or potentially cheaper rate.”
Principality Building Society has also announced rate reductions today, 11 September, with cuts of up to 0.10% applied to two, three and five-year fixes in the residential mortgage range up to 65% LTV. Cuts of up to 0.9% apply to products in the range, up to 75% LTV.
Rates are also being cut by 0.10% on five-year fixes up to 80% LTV and on two-year shared ownership products.
Cuts of up to 0.7% have been applied to the two-year fix JBSP mortgage at two-years fixed.
