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
Are you Resi for this?
We’re thrilled to let you know that we’ve made yet more enhancements to our Residential products and criteria.
Let’s get resi to rumble!
Latest changes to our Residential range include:
> Assessment fee removed from all residential products
> £0 product fee payable on all Fee Saver products
> Fee Saver benefits enhanced – one £0 valuation for properties valued up to £1m, £500 contribution towards legal costs paid on completion
> 90% LTV available on tiers Vida 48 – Vida 12. 85% LTV now available on Vida 6
> Debt consolidation available up to 85% LTV
> Maximum loan sizes increased to £2m, up to 75% across all tiers
> £1m loans available up to 85% LTV and £600k to 90% LTV
> New Large Loan range with discounted initial rates for loans between £500k and £2m
Let’s get life moving for your more complex residential clients.
For more information, take a look at our website, or download our latest Criteria here.
Product update
Residential and BTL Product Withdrawal
The following products will be withdrawn from 6.00pm on Thursday 9th June in advance of replacement products being launched on Friday 10th June
Buy to Let
- Vida 48, 5 year, 75% LTV Standard and HMO
Residential
- All Core Fee Saver 90% LTV products
Transition arrangements
Decisions in Principle must be submitted, with product selected, by 6.00pm on Thursday 9th June.
For any new DIPs, or cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to ‘Application Received’ stage, by 6.00pm on Monday 13th June.