Vida Homeloans has made a series of updates to its mortgage proposition, aimed at improving affordability and broadening access for a wider range of borrowers.

The changes include upping the LTI (loan to income) to 7x income for applicants earning £60,000+, available to 90% LTV.

Vida has also reduced the minimum income requirement from £60,000 to £40,000 per annum for customers seeking to borrow at 4.5x LTI and above (to a maximum of 6 times).

New 95% LTV products have been brought in on the Vida 6 Credit Tier, while rate cuts of up to 0.59% on buy-to-let and 0.65% on residential mortgages have been applied.

Vida Homelaons head of product management Ross Williams says: “These enhancements are about broadening access and reflecting the realities of today’s borrowers. By expanding criteria and reducing rates, we’re helping more people secure the financing they need.”