Why Helping Hand?

The Helping Hand mortgage from Vida Homeloans has been designed to allow parents and children to help each other purchase or remortgage a home (and have their income taken into account as part of our affordability assessment) by joining the mortgage without going on the title deeds and jointly owning the property. This type of mortgage is known as Joint Borrower Sole Proprietor.


Who is this product for?

  • Customers who are either purchasing their first home or moving house, or for those who may have just gone through a life changing event such as divorce, where either the parent or their child is supporting them.
  • Allows the purchase or remortgage of a residential property where the parents or children (including step or adopted children) are assisting each other to buy a home
  • The supporting borrower(s) will be on the mortgage deed of the property, but not the title deed so avoiding the additional 3% stamp duty surcharge on a second property

Key Lending Criteria

  • Available across the Plus Range, including 90% LTV for FTB’s and second time buyers
  • Up to 4 applicants accepted. Supporting borrower(s) must be the parent(s) or children of one of the owner-occupiers. The owner occupiers partner can also be on the mortgage.
  • Available up to 90% LTV including fees. Where LTV is above 85% LTV, applicants need to be 25 or over with a minimum property valuation of £100,000
  • Up to 85% LTV, minimum age is 21
  • Maximum term is determined by the oldest applicant – mortgage to be repaid by 70th birthday
  • Minimum income £15,000 for the main applicant
  • All property types considered
  • Available on Capital Repayment or Interest Only