Vida also made enhancements to its credit tiering, now ignoring all defaults and county court judgements (CCJs) under £250, easing access for customers with minor credit issues.
Existing Vida customers can benefit from the rate reductions through the Product Switch Hub, which allows them to secure new rates in just 15 clicks if they are in the last six months of their current deal and have no arrears.
“With the recent base rate change, we are delighted that we can bring these price reductions to our partners and customers across our ranges,” said Helen Cawthra (pictured right), head of intermediary relationships at Vida. “Intermediaries can contact the V-Hub to discuss any case and take advantage of these rate reductions.”
Similarly, Bluestone Mortgages has cut rates by up to 40bps across its residential, Right to Buy, and Deposit Unlock products, with rates now starting at 6.34% for a 65% loan-to-value (LTV) deal.
See LinkedIn post here.