Why First Time Buyers?

The modern first-time buyer is older, has a higher income and requires more help with funding their deposits than 20 years ago, so the fact that some continue to struggle to get a mortgage from high street lenders means that more needs to be done to improve their opportunities. Specialist lenders give them more options to improve their chances of getting on the housing ladder by accessing the Bank of Mum and Dad, using gifted deposits from close relatives and buying property with the help of up to three other family members or friends.


Who is this product for?

  • Those who want to spread the nest and purchase their first property rather than renting
  • Customers with low deposits as Vida will lend up to 90% LTV including fees
  • Vida will also accept gifted deposits for the full deposit amount from close relatives. For new build properties, builders deposits are also accepted providing the incentive does not exceed 5%.

Key Lending Criteria

  • Up to 90% LTV including fees. Above 85% LTV, applicants need to be at least 25 with a minimum property valuation of £100,000
  • Up to 85% LTV, minimum age is 21
  • Minimum income £15,000 for the main applicant
  • 40 year term available
  • All property types considered
  • Available on Capital Repayment or Interest Only