LENDING CRITERIA

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If there is Japanese Knotweed present within the boundary of the property or neighbouring properties, the valuer will confirm which of the four categories apply.

  • If category 1 applies no report or action is required unless recommended by the valuer.
  • If category 2 applies each case will be reviewed on its individual merits, taking into account the valuer’s advice.
  • If category 3 or 4 applies Vida Homeloans will not lend within these categories.

It is possible that the valuer may feel that the presence of Japanese Knotweed on the property or neighbouring land (e.g. very close to the boundary) may present such a threat that the subject property is not recommended as a suitable mortgage security. If this is the case the application may be declined.

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