Residential updates

  • The Helping Hand mortgage from Vida Homeloans has been designed
    to allow parents to join their child on the mortgage
  • New Free Valuation available on Fee Saver residential mortgage range

BTL updates

  • Reduced 5-year fixed buy-to-let rates
  • 1% fee for BTL mortgages for smaller loans

LENDING CRITERIA

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  • Acceptable to be paid via an umbrella company, which pays tax and NI for the applicant
  • Where contracting for more than 12 months, accounts to be provided
  • Where contracting less than 12 months and the employer pays both tax and NI,
  • income verified via payslips (as per employed applicants)
  • Where contracting less than 12 months and paid via an umbrella company, income
  • ·verified via last 3 months payslips
  • Where contracting less than 12 months, self-employed, and applicant pays their own tax and NI, weekly contact rate x 46 (weeks) less applicable expenses is used

Applications from individuals that are employed on a contract basis are acceptable subject to the following:

  • The contract must have a minimum period of six months remaining.
  • The customer must have a one-year track record of employment within the same line of work.
  • Where the contract has less than six months remaining, confirmation of a new contract must be obtained.


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We do not accept applications from customers with a criminal record unless the conviction is for a minor traffic offence, or is spent under the Rehabilitation of Offenders Act 1974, as this may have a bearing on their ability or willingness to make payments in the future, or to obtain adequate insurance on the security property.