Criteria wrap-up on remortgage and product transfers, with Ollie Smith, National Account Manager

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Ollie here, National Account Manager at Vida Homeloans.

Just want to take the time to talk to you around remortgaging and product transfers. Now, when it comes to remortgaging, we will allow you to capital raise for any legal purpose. If there’s any element of debt consolidation that’s also okay up to 80% loan to value. If your client had previously taken out a bridging loan secure on their property, we’re able to take out that bridging loan via remortgage, including any interest that is being rolled up and other previous lender fees also.

Now for married couples, we’re potentially able to look at this from a sole application for married couples. And if you need to remortgage your property within six months of purchase, we can also consider this.

For joint borrower, sole proprietors, we can have two applications on the mortgage but only one needs to be on the deed. When it comes to product transfers, we offer them. We will also allow your client to look at securing a product transfer with us within a six month period.

Don’t forget you can talk any of this through with our V-Hub team, who are there to help and drive service throughout the business, which is currently being reflected via our Trustpilot score rated as excellent.

We also back ourselves via our service pledge. Now, the service pledge means if you are anything other than completely satisfied with the service, we will give you the application fee back.

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