Criteria wrap-up on Affordability, with Ollie Smith, National Account Manager

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Hey, Ollie here, National Account Manager at Vida Homeloans

Just wanted to run through our affordability and how we can help your clients slightly differently. Now we’re able to assess all residential mortgage applications on an affordability basis up to 6 times loan to income. We are also able to go to a maximum of 90% loan to value on our seven year product.

Now the types of income we can take 100% of - we could take 100% of second jobs. We could also take additional income of child benefit, guardian's allowance or child tax credits, also at 100%.

If your client's in receipt of regular overtime or tips payments, we can do this up to 75% as well.

Now you can do all of this over a 45 year term, up to the maximum age of 80 at the end of the mortgage term also. Now, you've got direct access into us and our Underwriters via the V-Hub, which you can email or telephone.

When it comes to our service we offer the Service Pledge, where we will give you the application fee back if you are anything other than completely satisfied. Now, based on Trustpilot score being excellent hopefully it shouldn't come to that.

I hope you fund the run through of our affordability criteria useful, and we look forward to wokring with you soon.