Vida Homeloans has reduced rates on its residential products by up to 0.30% and buy-to-let (BTL) products by up to 0.54%.

Among the changes, a limited edition BTL two-year fixed rate at 75% LTV with a 4% fee has reduced by 0.32% to 3.94%.

The equivalent product for houses in multiple occupation (HMO) and multi-unit block (MUB) borrowers has reduced by 0.25% to 4.11%.

Furthermore, a five-year fixed rate BTL deal at 85% LTV with a 2% fee has come down by 0.50% to 6.49%.

The specialist lender has also refreshed its fee saver range with new products across residential and BTL, available for standard, houses of multiple occupation/multi-use buildings, and expat cases.

The minimum loan size has also decreased from £200,000 to £150,000 for BTL limited editions, allowing landlord customers more options for lower-value properties.

Vida Homeloans head of mortgage product management Ross Williams says: “We’ve seen swap rates in the market drop over the course of January. We always endeavour to pass these savings on to our potential customers through rate reductions across our ranges.”

The lender has also expanded its list of accepted Scottish postcodes, now including 14 additional postal codes.