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
BTL rates reduced by up to 0.40%!
We’ve cut rates on our 5 year Buy to Let products to help more of your customers to get life moving.
Rate Reductions Summary
- 5 year fixed, 75% LTV Buy to Let rates reduced on our Vida 36 tier
- Reductions of 0.40% for HMO and MUBs and 0.35% for individual units
- Fee options of 2%, 4% and 6%
We’ve increased our max age to 80
We’ve recently made changes to our criteria.
Take a look below at some of our latest enhancements, including changes to our maximum term, age and lending into retirement.
We’ve increased the maximum age we will lend to, from 70 to 80 years at the end of term.
We have extended our maximum potential mortgage term from 40 to 45 years.
We can consider lending to an applicant’s 80th birthday based on their current income where all the following statements apply:
- Applicant is under 50 years of age
- Is more than 10 years from retirement
- Is contributing to a pension scheme
Additional applicants who do not meet these conditions can be considered, however, none of their income will be used for affordability. The repayment type must be on a capital & interest basis.
All applicants are subject to full underwrite.