Vida has expanded its residential range with a 90% loan-to-value two-year limited edition fixed-rate deal. 

The product is available on the specialist lender’s Vida 36 credit tier at 7.34%, in addition to five- and seven-year fixes already on offer.  

The deal is aimed at first-time buyers looking for flexibility with a shorter fixed term, and comes with a £1,495 fixed fee. 

The new product is an addition to the lender’s existing specialist residential criteria which includes adverse credit history, complex incomes and second jobs, self-employed, new build properties and a potential mortgage term of up to 45 years with a maximum age of 80. 

The business has also cut rates on two of its buy-to-let products by 33 basis points.  

The two products are also available on its Vida 36 credit tier, at up to 75% LTV. Five-year fixes come with a 2% fee at 5.46% and a 4% fee at 5.06%. 

The lender has recently relaxed its credit tiering, and defaults and county court judgments under £250 are now excluded from its product tier allocation. This applies to both its residential and landlord ranges. 

Vida head of intermediary relationships Helen Cawthra says its new limited edition offer gives FTBs “the opportunity to gain a longer work history or repair their credit within the two-year fixed-rate period”. 

She adds: “Our reduced rate, BTL products will also support landlords and offer stability with the five-year fixed rate and flexibility of two fee options.”