Vida Homeloans have made some significant changes to their products to create a more simplifed and streamlined range.

RATES REDUCED - Up to 0.3% rate reductions

RESIDENTIAL

• Loans over £1 million
• Helping Hand (joint borrower sole proprietor) products

BUY-TO-LET

• First time buyers/first time landlords
• Loans over £1 million
• HMOs and MUBs

ENHANCED CRITERIA - Improvements across residential and buy-to-let ranges

RESIDENTIAL

• Self-employed contractor affordability now assessed on Day Rate x 46 weeks
• Interest Only available across all tiers

BUY TO LET

• 100 property limit on portfolio size removed - now unlimited
• Reduced Income and Employment verification for self funding

BTLs SPECIALIST MORTGAGES MADE SIMPLE

• Product numbers and variations reduced by almost 50% - simpler ranges
• Simplified credit status tier structure to help intermediaries find a product to suit their customers with impaired and improving credit profiles
• Many buy-to-let fees reduced and moved on to a simple percentage basis