Limited edition buy to let mortgages from Vida Homes

A range of limited edition buy to let mortgages were unveiled by Vida Homeloans recently.

The details are:

• 2 year fix for up to 70% LTV offered with a mortgage rate of 3.14%
• 5 year fix for up to 70% LTV offered with a mortgage rate of 3.64%

A fee applies to both products for loans up to £250,000. From £250,000 - £750,000, being the upper loan limit for all buy to let mortgages from Vida, no fee applies. The maximum portfolio limit for all landlords is now £2million. 

Vida recognise that not all borrowers have a pristine credit history and welcome applications from those with a less than perfect score. This level of flexibility is also extended to those self-employed landlords with only one year’s accounts.

The rates offered by Vida are competitive in today’s market. To find out whether their loans are the most suitable option for you, speak with a Deal Direct advisor today.

Please be aware that Deal Direct are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.

Please also note: 

Buy to let mortgage applications from:

• applicants whose intention is to benefit from house price growth
• applicants whose intention is to benefit from rental income
• applicants who are letting to buy

will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

For information on the latest buy to let mortgages in the UK today, call 0800 048 8828.