Vida has introduced a series of enhancements across its buy-to-let and residential product ranges.

The specialist lender has repriced much of its buy-to-let range, delivering rate cuts of up to 0.51% to support landlords in a competitive market.

The minimum loan size for selected Limited Edition BTL products has been reduced from £200,000 to £150,000, broadening access to   more clients.

The lender has refined its Interest Coverage Ratio (ICR) criteria to better reflect borrower tax status: this includes a new Blended ICR of 135% introduced for applications involving both basic and higher rate taxpayers, a reduction of 5% from Vida’s current approach.

For a higher rate taxpayer ICR has increased from 140% to 145%; for basic rate and SPV,  ICRs remain unchanged at 125%

Vida has temporarily increased the maximum allowable size for HMOs from 6 to 8 bedrooms and for MUBs from 6 to 8 units

These changes apply to properties held on a single freehold title, with valuation thresholds remaining unchanged.

Vida has also repriced its residential range, with reductions of up to 0.54% across new business products.

And the lender has updated its Residential Affordability Calculator, including a further reduction in the two-year stress rate.

Commenting, Vida head of product management Ross Williams said: “These enhancements reflect our ongoing commitment to evolving with the market and supporting brokers with products that meet the real-world needs of their clients.”