03300 246 246
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Vida Homeloans, Strata Building, 1 Bridge Street, Staines-Upon-Thames, Surrey, TW18 4TW

Vida Homeloans

Vida Homeloans is the award-winning specialist mortgage lender for residential and buy to let customers who may not fit the criteria currently demanded by high street lenders. We lend to customers who typically have some element of complexity in their personal circumstances or their investment strategies. Examples include:

The self-employed and business owners
Freelancers and contractors
People with multiple jobs
First-time buyers, including Help to Buy
British citizens living or working outside the UK
Buy to Let investors with a portfolio of properties

Tools & Calculators

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Product	Gross	Net
Residential	0.45%	0.40%
Buy to Let	0.50%	0.45%
Product Transfer	0.3%	0.28%

Proc fees - when your proc fee will be pad

Product Type	When does the lender pay PMS?	Frequency
Buy To Let	Third Monday after the week of completion.	Weekly.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.

Key Features

Residential
Buy to Let

All Products
Property Types

Reasons to use Vida

Register

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:

Residential

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)

All Products

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

Property types

Residential

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.