Vida Homeloans has brought out a series of new mortgages across its residential range.

The lender has launched a limited edition purchase and remortgage 85% LTV product with the rate on a two-year fix at 4.09% and, on a five-year fix, 4.24%. The maximum loan size for these is £500,000.

Vida has also launched two fixed rates at up to 70% LTV – a two-year fix at 3.59% and a five-year fix at 3.74%. These are also available for purchase and remortgage and come with zero product fee and a £49 assessment fee.

Additionally, a free valuation is offered for all properties up to a value of £500,000 and borrowers will receive £200 to put towards legal cost upon completion.

The maximum loan size for these is £350,000.

Vida director of mortgage distribution Richard Tugwell says: “Although there are reasons for optimism, the Covid-19 pandemic has had a huge impact on the financial circumstances of millions of people across the UK.

“The long-term implications of the crisis mean there is a new generation of borrowers with impaired access to credit who will need the support of specialist lenders to help them despite their complex situations.

“We’re committed to continually enhancing our offering to provide these borrowers with greater choice and flexibility and to help them find a safe place to call home. Our new product launches today are another step in achieving this.”