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 Fixed Rate Buy to Let and Residential Products
Following our recent Variable product launch, we’re pleased to inform you that we will be re-launching Fixed Rate products on Tuesday, 25th October.
Residential
- 2 and 5 year fixed
- 75% and 85% LTV options across tiers Vida 48 – Vida 6
Buy to Let
- 2 and 5 year fixed
- 80% LTV with HMO/MUB options, available on all tiers
- Expats available up to 75% LTV
New Fixed Rate products available
RESIDENTIAL
Variable Rate
- 2 year variable rate products
- 75% and 85% LTV options across tiers Vida 48 – Vida 6
- No ERC’s
- Minimum Loan £75k, Maximum Loan £2m
Fixed Rate
- 2 and 5 year fixed rate products
- 75% and 85% LTV options across tiers Vida 48 – Vida 6
- Minimum Loan £75k, Maximum Loan £2m
BUY TO LET
Variable Rate
- 2 year variable rate products
- No ERCs
- 80% LTV with HMO/MUB options, available on all tiers
- Expats available up to 75% LTV
Fixed Rate
- 2 year and 5 year fixed rate products
- 80% LTV with HMO/MUB options, available on all tiers
- Expats available up to 75% LTV
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
- First Time Buyers
- Self employed and contractors – 48x weekly rate
- Specialist properties – ex-public sector, New Build, Flats above/adjacent commercial, high-rise up to 20 floors considered
Product Change Notification
Vida will be withdrawing all 85% Residential products from 6.00pm, Thursday 27th October, we apologise for the short notice.
New Business
Both Decisions in Principle, with product selected, and 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, Thursday 27th October.
Where either the fees have not been paid, or the mandatory documents are not uploaded by Thursday evening, the case will not be able to proceed.