This website is for intermediaries. Not an intermediary? Visit the customer website
Premier Packager Club
An exclusive service with genuine partnerships and a unique proposition - welcome to the Premier Packager Club!
You deserve the best! That’s why we have launched the Vida Premier Packager Club, to provide you with everything you want, and deserve from a Specialist Lender!
The Premier Packager Club gives you access to our dedicated Packager Support Team within the V-Hub.
Just call 03300 246 246 and select Option 6 to get straight through to them.
More about the Premier Packager Club - jump to a section:
γYour Packager Products
γPackager Exclusive credit tier explained
γOur Packager partners
γUseful downloads, guides & links
Your Packager products
Our Premier Packager Club members get access to a range of exclusive products, helping you
to help more customers get life moving.
Packager Tier - Residential Products
2 year fixed
Standard range - 2 year fixed rate
| Product | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|
| 2 year fixed | 75% | Packager | 7.24% | £995 | £2m |
Fees
Assessment Fees:
A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 85%
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.05% set on 01.09.2024
Revert rate
9.69% (VVR + 2.64%)
5 year fixed
Available for both purchase and remortgages
A minimum term of 6 years is required.
| Product | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|
| 5 year fixed | 75% | Packager | 7.04% | £995 | £2m |
Fees
Assessment Fees:
A non-refundable £195 is payable on all applications
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
5%, 5%, 4%, 3%, 2%
Vida Variable rate (VVR)
7.05% set on 01.09.2024
Revert rate
9.69% (VVR + 2.64%)
Right to Buy
2 year fixed
Available for both purchase and remortgages
| LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|
| 75% | Packager | 7.64% | £995 | £2m |
Fees
Assessment Fees:
A non-refundable £195 is payable on all applications
£995 product fee can be added to loan above LTV max
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.05% set on 01.09.2024
Revert rate
9.69% (VVR + 2.64%)
5 year fixed
Available for both purchase and remortgages
A minimum term of 6 years is required
| LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|
| 75% | Packager | 7.34% | £995 | £2m |
Fees
Assessment Fees:
A non-refundable £195 is payable on all applications
£995 product fee can be added to loan above max LTV
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
5%, 5%, 4%, 3%, 2%
Vida Variable rate (VVR)
7.05% set on 01.09.2024
Revert rate
9.69% (VVR + 2.64%)
Packager Exclusive Tier - Buy to Let Products
2 year fixed
Standard range - 2 year fixed rate
Available for both purchase and remortgages
| Product | Type | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|---|
| 2 year fixed | Standard | 75% | Packager | 6.79% | 2% | £1m |
| HMO/MUB | 75% | Pacakger | 6.84% |
Fees
Assessment Fees:
A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 85%
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.05% set on 01.09.2024
Revert rate
9.89% (VVR + 2.84%)
5 year fixed
Standard range - 5 year fixed rate
Available for both purchase and remortgages
A minimum term of 6 years is required.
| Product | Type | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|---|
| 5 year fixed | Standard | 75% | Packager | 6.34% | 2% | £1m |
| HMO/MUB | 75% | Pacakger | 6.79% |
Fees
Assessment Fees:
A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 85%
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
5%, 4%, 3%, 3%, 3%
Vida Variable rate (VVR)
7.05% set on 01.09.2024
Revert rate
9.89% (VVR + 2.84%)
What's new?
All defaults and CCJs of £250 or less are ignored.
Get the download
π Residential Product Guide
Updated October 9th 2024
π Buy to Let Product Guide
Updated October 9th 2024
Your Packager Exclusive Tier
See where your customer fits within our new Vida tiers.
| Criteria | VIDA 36 | VIDA 24 | VIDA 6 | PACKAGER |
|---|---|---|---|---|
| Months since last default > £250 | 0 in 36 | 0 in 24 | 0 in 6 | Considered < 6 months |
| Months since last CCJ > £250 | 0 in 36 | 0 in 24 | 0 in 6 | Considered < 6 months |
| Worst status Secured Payments* (months) | 0 in last 36 | 3 in last 24 | Considered (no max) | |
| No secured arrears allowed within the last 6 months | ||||
| Number of missed unsecured payments > £250 in the last 6 months | 1 in 6 | 2 in 6 | 3 in 6 | Considered (no max) |
| Bankruptcy / IVA / DRO / Trust Deed | 3 years + | 1 year + | ||
| Previous repossessions | 6 years + | 3 years + | ||
Vida 36 Months since last default 0 in 36 Months since last CCJ 0 in 36 Worst Status Secured Payments* (months) 0 in last 36 Number of missed unsecured payments >£250 in the last 6 months** 1 in 6 Bankruptcy / IVA / DRO / Trust Deed 3 years + Previous repossessions 6 years + VIDA 24 Months since last default 0 in 24 Months since last CCJ 0 in 24 Worst Status Secured Payments* (months) 3 in last 24 Number of missed unsecured payments >£250 in the last 6 months** 2 in 6 Bankruptcy / IVA / DRO / Trust Deed 3 years + Previous repossessions 6 years + Vida 6 Months since last default 0 in 6 Months since last CCJ 0 in 6 Worst Status Secured Payments* (months) 3 in last 24 Number of missed unsecured payments >£250 in the last 6 months** 3 in 6 Bankruptcy / IVA / DRO / Trust Deed 3 years + Previous repossessions 6 years + Worst Status Secured Payments* (months) 3 in 24 PACKAGER Months since last default Considered < 6 months Months since last CCJ Considered < 6 months Worst Status Secured Payments* (months) Considered (no max) Number of missed unsecured payments >£250 in the last 6 months** Considered (no max) Bankruptcy / IVA / DRO / Trust Deed 1 year + Previous repossessions 3 years +
*All historic secured arrears must have been made up to date for at least 6 months prior to application
Debt Management Plan/Debt Arrangement Schemes may be considered
at Underwriter discretion - subject to satisfactory affordability and conduct checks.
Useful downloads, guides & links