Vida Homeloans has updated its range across the direct to lender and packaged range. Brilliant Solutions offers fees free packaging across the range as well as direct to lender access with payment on completion. Vida’s rates are available here and details on Vida’s criteria is available here. For more information you can contact our team. LOGIN to Vida here
Consumer Buy to Let with Vid
Vida’s Consumer Buy to Let mortgage is designed for individuals who become landlords unintentionally – often referred to as ‘accidental’ landlords.
Unlike traditional buy-to-let mortgages, Consumer Buy to Let mortgages are regulated by the Financial Conduct Authority (FCA).
The key difference lies in the level of protection – because accidental landlords may be less familiar with the responsibilities of property letting, FCA regulation helps safeguard their interests and mitigate potential risks.
Want to check if your customer meets the criteria of a Consumer Buy to Let application?
Consumer Buy to Let
We accept remortgages up to 80% LTV on our Vida 36 tier for:
• Inherited properties
• Let to Buy and Let to Rent applicants
• Let to Move, including an acceptance of applicants regardless of whether there is an onward purchase
• CBTL for Worldwide Expats up to 75% LTV
• 2 & 5 year fixed options including Fee Saver
Consumer Buy to Let excludes HMO and MUB properties.