Vida Homeloans has made reductions across its entire range and has enhanced irs buy-to-let criteria. The latest reduction include the whole of its residential range of products being cu by up to 0.15% and all buy-to-let products have been reduced by up to 0.26%. Product transfer (retention) products have also been reduced across residential and BTL up by up to 0.20%. The lender has also made changes to its BTL affordability criteria. While here are no changes to borrowing, BTL applications will now be stressed at pay rate, while ICRs remain unchanged.

Together has made cuts to its discounted rate mortgage products. The tracker range offers a discount on the Together homeowner managed rate (THMR), as well as product margin, with a period of two years. The rate is lower than the lender’s variable products for personal mortgages and second charge loans. Rates on THMR have been cut by 25 bps and as a result, rates on its second charge discounted products have been cut by the same amount. First rate products now start from 8.80%, while second charge rates have been lowered to 9.49%.

Santander has announced reduction to its selected fixed rates on its residential purchase and remortgage range by up to 0.23%. As a result, purchase products now start 4.21% for a two-year fix at 60% LTV, while a two-year fix at 85% LTV start tat 4.69%. Both come with a £999 fee. A fee-free option is available at 5.29% at 95% LTV. For the remortgage range, a three-year fix at 60% LTV start from 4.26% and a five-year fix at 75% LTV is available from 4.30%, both with a £999 fee. A fee-free five-year option is available at 5.21% at 90% LTV.

---