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Vida Homeloans will only accept accounts or accountant certificates from practitioners with one of the following qualifications:

Accountancy Body Designatory Letters 
 Institute of Chartered Accountants in England & Wales  ACA or FCA
 Association of Chartered Certified Accountants   ACCA or FCCA
 Chartered Institute of Management Accountants  ACMA or FCMA
 Association of Authorised Public Accountants  AAPA or FAPA
 Association of Accounting Technicians  MAAT or FMAAT
 Chartered Institute of Taxation  CTA
 Association of International Accountants  AIA

100% of the following additional income can also be included:

  • Income from trust funds
  • Rental profit
  • Investment income supported by SA302
  • Occupational pension income (including war widows/disablement or widowers
  • pensions). State pension not accepted as only source of income
  • Second and other jobs providing 12 months’ record
  • Car allowance, shift allowance, London/large town allowance, housing allowance
  • (provided by an employer), mortgage subsidy, payments from Armed Forces
  • compensation scheme, lodger income (for remortgages)

75% of the following additional income can also be included:

  • Regular annual bonus supported by the last 3 months’ payslips, and the month where
  • bonus was paid, plus previous year’s P60
  • Regular monthly bonus supported by P60 and last 3 months’ payslips; or 3 months’
  • bank statements detailing salary credits, and last month’s payslip

50% of the following additional income can also be included:

  • Non regular bonus & commission (providing evidence of bonus is supplied)
  • Overtime or profit related pay
  • Universal credit/child/working tax benefit (not as main source of income)
  • Income related employment & support allowance (ESA), disability/carers allowance

Vida Homeloans will accept customers that have impaired credit, subject to the limits detailed on the latest Residential product rate sheet, and are the maximum adverse credit per application. The customer will be expected to provide details to Vida Homeloans with regards to the reason for the adverse credit.

Recent updates to Vida Criteria

100% Debt Consolidation now available on residential products up to 70% LTV
Up to three unsecured missed payments allowed in the last 6 months
Maximum BTL loan increased to £1m