Criteria wrap-up on Lending into Retirement with Ollie Smith, National Account Manager

Video transcript

Hi, Ollie here, National Account Manager at Vida Homeloans talking to you today around our lending into retirement policy and some of the key bits of criteria around that.

Now, we can lend up to the age of 80 at the end of the mortgage term and this is where the client is currently under the age of 50 years old and at least 10 years from their stated retirement age, also contributing towards a pension.

Now, other applicants can be considered but income can't be used for affordability. We can do this all on a 45 year mortgage term.

Not forgetting that we also offer our service pledge where if your client is anything other than completely satisfied with the service they receive, we will refund our application fee. And hopefully with our Trustpilot score currently being rated as excellent, that shouldn't be the case.

Hopefully that’s been useful and speak to you soon.