Vida Homeloans

Vida Homeloans has introduced a range of new two-year variable-rate BTL products.

The new options offer loans from £100,000 to £1m on terms between 5-40 years, available at a maximum 80% LTV for individual units, HMOs and MUBs; and 75% LTV for expats.

They are designed for amateur and professional landlords — including first-time buyers and expats — looking to purchase or remorgage BTL properties.

The products are charged at a margin over the Vida Variable Rate (VVR) — initial rates range from 5.59% to 6.24%.

However, these rates will change on 1st November, when Vida will increase its (VVR) by 50 basis points.

Molo Finance

Molo Finance has expanded its BTL range with additional fixed- and variable-rate products.

•   What does the specialist finance industry need in 2023 and beyond?
•   EPC, social housing and BTL
•   Accord Mortgages relaunches BTL mortgage range

The lender introduced new 65% LTV fixed-rate mortgages, which are available from 6.69% for individual clients and 6.99% for limited companies.

Meanwhile, its new 65% LTV variable-rate and tracker BTL products are priced from 4.39% for individual buyers and from 4.69% for limited companies — based on the current Bank of England base rate (BBR).

Molo Finance also launched new investor-led, holiday let, and new build BTL products — rates for the two- and five-year tracker options start from 4.69% (based on current BBR), while the five-year fixed-rate option is priced at 6.99%.

Francesca Carlesi, CEO and co-founder of Molo, said the new product range was designed to fit the current market conditions and to support a larger number of landlords to invest in property.

“Especially in a volatile market like today, property remains one of the most stable and safe asset classes, and we are excited about being able to support our customers in their property investment decisions going forward.”