LENDING CRITERIA

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Vida define a new build property as one that has never been occupied. Offers are valid for 4 months which can be extended for a further 4 months on the same product subject to a fresh credit search and affordability assessment. Monies will be released following a re-inspection of the property by the valuer (subject to re-inspection fee).

Property must hold a guarantee / certificate from one of the following:

  • Advantage/Advantage HCI
  • Aedis Warranties Limited
  • Ark Insurance Group Limited - Latent Defects Insurance
  • Build Assure
  • Build Life Plans
  • Build Zone
  • Castle 10 (Checkmate)
  • CRL (Construction Register Limited)
  • Global Home Warranties Limited
  • Local Authority Building Control
  • NHBC Certificates
  • Premier Guarantee
  • Protek
  • Q Assure Build Limited
  • Zurich Municipal Policy

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