Vida Homeloans has refreshed its Help to Buy products.
These updates follow the launch of Vida’s Help to Buy range for first-time buyers, movers and remortgagers in the summer.
Vida has cut its Help to Buy purchase and remortgage rates by up to 0.31 percentage points, with rates now starting from 3.67%.
The refresh also includes a brand new two-year fixed rate range based on the lender’s 4.8% Revert Rate Special, which has been extended to all tiers.
Vida’s Help to Buy offering is available up to 80% LTV for a Scottish purchase and 75% in England, London and Wales. It also offers 85% LTV remortgage when staircasing.
Supporting the refresh, Vida offers a customised New Build process, which includes a fast-tracked initial offer lasting six months, extendable by a further six months, along with a dedicated New Build underwriting team.
The minimum income level requirement for all loans is £15,000 and up to four separate incomes can be accepted for Help to Buy products.
Louisa Sedgwick, director of sales, mortgages, at Vida Homeloans, said: “The UK saw over 52,000 new home purchases completed under the Help to Buy scheme in the year up to March 2019, an increase of 9% compared with the year before. It’s clear the much-loved Help to Buy scheme continues to prove its value, helping thousands of people to secure their first home.
We are pleased to be refreshing our Help to Buy proposition, offering even better rates to further support this evolving and resilient sector of the market.”
