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
In preparation for a new range of reduced-price fixed rate products being launched later this week, Vida will be withdrawing all current Residential and BTL fixed rate products from 6.00pm, Tuesday 22nd November.
New Business
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, Tuesday 29th November.
Where either the fees have not been paid, or the mandatory documents are not uploaded by 6pm on Tuesday, the case will be returned to DIP stage and a product from the new range will need to be selected.
Fixed Rates Reduced on Resi & BTL
We’ve reduced rates on our fixed rate Residential and Buy to Let products. Rates are being reduced by up to 1.2% and are available now on our portal.
RESIDENTIAL
- 2 year and 5 year fixed rate products
- 70% and 80% LTV options across tiers Vida 48 – Vida 6
- £995 product fee that can be added to the loan above max LTV
- Minimum Loan £75k, Maximum Loan £2m
- Variable rate products also available
BUY TO LET
- 2 year and 5 year fixed rate products
- 80% LTV with HMO/MUB options, available on all tiers
- Expats available up to 75% LTV
- 2% product fee can be added to the loan above max LTV
- Variable rate products also available
All of the above products can be coupled with our specialist criteria to help your customers get life moving.
- Impaired and improving credit – defaults and CCJs considered
- Debt consolidation up to 80% LTV
- First Time Buyers
- Self employed and contractors – 48x weekly rate, Day 1 contractors
- Specialist properties – ex-public sector, New Build, Flats above/adjacent commercial, high-rise up to 20 floors considered