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
NEW Buy to Let Limited Edition, 2% Fee
We have launched a new Limited Edition on our Buy to Let range.
Buy to Let Limited Edition Summary
- Up to 65% LTV on 2 year fixed, Vida 36
- Available on individual units, HMOs and MUBs
- 2% Fee, with maximum loan of £1m
Limited Editions are subject to tranche availability and could be pulled at any time.
View Buy to Let Limited Edition>>
Criteria enhancements and lower rates across our entire range
Criteria enhancements, reduced rates across our entire range and new limited editions..
We want to help you help more of your customers get life moving which is why we’ve extended our maximum mortgage term from 40 to 45 years and increased the maximum age we will lend from 70 to 80.
And that’s not all, we’ve also reduced rates across our entire range with Buy to Let rates cut by up to 0.70% and Residential rates cut by up to 0.55%
For full details on our new product range and our criteria enhancements visit our Broker News Feed.
We made a little video about our criteria enhancements. Click here to watch
Let’s get life moving for you and your customers.
Take a look at our lending criteria or download our criteria guide:
Product Withdrawal Notification
Selected 5 year BTL products to be withdrawn at the close of business Thursday 9th November.
In advance of a reprice, a selection of our Vida 36, 5 year 75% LTV BTL products are to be withdrawn from 6.00pm on Thursday 9th November.
Transition arrangements
New Business
Decisions in Principle, with product selected must have been completed by 6.00pm on Thursday 9th November.
For any 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 Thursday 16th November.
Where either the fee has not been paid, or the mandatory documents not uploaded by the close of Thursday 16th November, the case will be returned to DIP stage and a new product will need to be selected.