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
Product Change Notification
A small number of products will be withdrawn at close of business on Wednesday 19th April.
In preparation for an extended range of products being launched on Thursday 20th, we will withdraw all Residential and BTL products from 6.00pm, Wednesday 19th April.
BTL
- Vida 48, 75% LTV 5 year fixed
- Expat 2 and 5 years
Residential
- 85% LTV 2 and 5 year on all tiers
Transition Arrangements
Decisions in Principle must be submitted, with product selected, by 6.00pm on Wednesday 19th April.
For Decisions in Principle, with product selected, and any cases currently in the pipeline, all mandatory docs must have been uploaded with fees paid, and case progressed to the ‘Application Received’ stage, by 6.00pm, Thursday 27th April.
Where either the fees have not been paid, or the mandatory documents are not uploaded by 6pm on Thursday 27th April, the case will be returned to DIP stage and a product from the new range will need to be selected.
Product changes
We will be launching an extended set of Right to Buy products with fees, along with repricing some of our existing BTL and Resi products.
The following changes will take place:
- BTL and Resi Reprice: 14 existing rates being changed. No changes to fees
- Right to Buy / Right to Acquire (RTB /RTA) 10 new products to be added to the 2 and 5 year range where a product fee off £995 is charged (to sit alongside the current fee free versions)
The following fees will apply to these 10 products:
- A non-refundable £180 is payable on all applications.
- £995 Product Fee
- Standard valuation fees apply as per below:
We have updated our BTL Expat country lending list as per below :
- 4 countries will be removed from Ex-Pat Lending List – Costa Rica, Ghana, Indonesia & Saint Lucia
- 10 countries will be added to ex-pat list – Bhutan, Egypt, Grenada, Hong Kong, India, Mauritius, Moldova, Monaco, Serbia & Tunisia.