PRODUCT HIGHLIGHTS

OLDER AND RETIRED LANDLORDS

  • Interest only up to 80%
  • Age up to 95 at the end of the term (ltd company)
  • No minimum income required

IMPAIRED CREDIT HISTORY

  • Small or life events allowed
  • Up to 2 CCJs & 2 missed mortgage payments allowed up to 70% LTV
  • CCJs and defaults up to £250 ignored

RENTAL TOP UP

  • Will allow surplus income to top up rental income from 115% for single units only
  • Top up available for both individuals and limited companies

PORTFOLIO LANDLORDS

  • Maximum 15 properties with Vida Homeloans
  • Can be combined with other competitive BTL criteria (e.g rental assessment and credit history)

MULTI UNIT BLOCKS

  • Up to 5 units
  • No additional rate or fee loading
  • Just one year's landlord experience required

RENTAL CALCULATION

  • 125% rental for basic rate taxpayer can be topped up from 115% with surplus income
  • Based on higher of pay rate or 5.5% notional rate (5 year fixed on pay rate)
  • HMO and MUB from only 130%

HOUSE OF MULTIPLE OCCUPANCY

  • Up to 8 bedrooms
  • No additional rate or fee loading
  • Just one year's landlord experience required

EXPATS INVESTING IN UK

  • For existing UK property owners living within the EEA
  • No minimum income required

SMALLER DEPOSIT - 80% LTV

  • Pricing starts from 20% deposit (80% LTV)
  • Can have historical impaired credit or life event

TRADING COMPANY OR SPV

  • Available on any trading limited company with 2 years’ trading and just 1 year’s accounts
  • Floating charge not required on SPVs

 

DISTRIBUTION PARTNERS

We are pleased to be able to distribute our products to professionally qualified mortgage advisers via selected distribution partners.

 

MODERN TECHNOLOGY & PROCESS

  • Online decision in principle (DIP) possible in less than 10 minutes, full application possible in less than 15 minutes

  • 100% online application - no paper required

  • Auto-cascade system both ways - results in the right product and rate for your customer

  • Auto-email updates and 24/7 case tracking keep you fully informed at key stages of the process