Vida Homeloans

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

Proc Fees

Product Gross Net
Residential 0.45% 0.40%
Buy to Let 0.50% 0.45%
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

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    Residential

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    Buy to Let

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    All Products

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    Property Types

Reasons to use Vida

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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.

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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.


Vida Homeloans Videos

Tools & Calculators

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