Vida has reduced rates across its buy-to-let (BTL), residential and product transfer retention ranges by up to 0.35%.

BTL products will be lowered by up to 0.25%, while residential rates will fall by up to 0.30%, and product transfer retention will go down by up to 0.35%.

The lender’s BTL limited edition Vida 36 five-year fix 75% LTV houses of multiple occupancy/multi-use buildings product is now priced at 4.86% with a 6% fee.

Meanwhile, the residential limited edition Vida 36 five-year fix 90% LTV product is now priced at 6.64% with a fee of £1,495.

The products can be used with the lender’s specialist criteria including adverse credit history, complex incomes and second jobs, self-employed, first-time buyers and landlords, and specialist properties such as flats above/adjacent to commercial, new builds and HMOs and MUBs.

For existing customers, the option to do a product transfer with reduced rates is also available through the product switch hub or via their broker.

An existing customer in the last six months of their current deal with no arrears can select their product rate ahead of maturity.

Vida head of intermediary relationships Helen Cawthra says: “With the recent base rate change we are delighted that we can bring these price reductions to our partners and customers across our ranges.”

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