Reasons to use Vida
Register to place business with Vida Homeloans:
*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.
Vida is 100% committed to intermediaries, working in partnership with you to deliver a first class service to your clients. Here are just a few reasons as to why you should use Vida Homeloans:
- Helping Hand - Joint borrower/sole proprietor
- Dedicated New Build Team for houses and flats
- Interest Only up to 75% LTV
- Up to 4 incomes accepted
- 90% LTV for FTB & Home Movers
- Self Employed min 1 year trading
- Right to Buy – 100% of discounted purchase price
- Help to Buy remortgage, including staircasing, up to 85% LTV
Buy to Let
- Up to 85% LTV
- Worldwide Expats investing in the UK
- HMOs & Multi Unit Blocks
- Portfolio Landlords up to £4m/20 properties
- Rental Top-up from 115%
- Trading Company or SPV
- First time buyer/first time landlord
- Capital Raising on BTL Bridging allowed
- No minimum income on BTL (unless FTB/FTL, topping up or don’t currently own a UK property)
- Improving credit history accepted
- Debt Management Plans accepted
- Gifted deposits allowed
- Non-standard property types considered
- Fee Saver products available on both ranges
- Ex-Local authority properties
- EX LOCAL AUTHORITY FLATS: Up to 80% LTV, deck access can be accepted
- FLATS ABOVE COMMERCIAL PREMISES: Up to 75% LTV. If above or next to restaurants, takeaways or laundrettes, up to 60% LTV.
- STUDIO FLATS: Where internal floor area is greater than 30sq.m
- MINIMUM PROPERTY VALUATION: £70,000. Ex local authority flats/maisonettes from £80,000 outside London.
- NEW BUILD HOUSES AND FLATS: Up to 90% LTV.
- NO LIFT REQUIRED: In blocks where the flat to be purchased is on one of the first four floors.
Buy to Let
- HMOs: Up to 8 bedrooms with a minimum valuation of £100,000.
- EX LOCAL AUTHORITY FLATS: Up to 80% LTV, access can be accepted.
- FLATS ABOVE COMMERCIAL PREMISES: up to 75% LTV. If above or next to restaurants, takeaways or launderettes, up to 60% LTV.
- STUDIO FLATS: Where the internal floor area is greater than 30 sq.m.
- MINIMUM PROPERTY VALUATION: £50,000 up to 70% LTV. Ex local authority flats/maisonettes from £80k outside London.
- NEW BUILD HOUSES & FLATS: Up to 85% LTV.
- NO LIFT REQUIRED: In blocks where the flat to be purchased is on one of the first 4 floors.
- MULTI UNIT BLOCKS: Up to 5 units. Just one year's landlord experience required. Valuations from £125,000 for the freehold block.
Call Vida 03300 246 246.