Residential Product Range

Some things, like a first home for a lifelong renter or a spacious next home for an expanding family, might seem worth the wait. Yet, nobody likes waiting.

We've created 3 & Easy, to help your customers into the home they want to own, sooner than they hoped they could.

A 97% mortgage, along with all the usual flexible Vida criteria and common-sense underwriting, designed to help you help your customers turn dreams into reality sooner using just a 3% deposit!

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Product perfection

Get life moving for your specialist customers with our Residential product range.

Transparent tiering

Our simplified tiering makes it even easier for you to find the best solution for your specialist customers.

Intermediary support with V-Hub

Get direct access to the Underwriter handling your case through the V-Hub.

Our Service Pledge

Service excellence or we'll refund the administration fee - it's as simple as that.

Customer Credit Profiles

Should your customer have adverse that falls outside of our three Credit Tiers, we still may be able to help with our Packager Tier.

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)
Worst status Secured Payments* (months)	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 +

*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.

Higher LTV Credit Requirements

• All LTVs above 90% require the customer’s credit file to be up to date with no current arrears on major unsecured items*.

• For Vida 24 and Vida 6 products, any LTV above 85% requires the customer’s credit file to be up to date with no current arrears on major unsecured items*.
*Unsecured includes unsecured loans, hire purchases, store cards, credit cards and current accounts

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 +

Residential Mortgage Products

Some things, like a first home for a lifelong renter or a spacious next home for an expanding family, might seem worth the wait. Yet, nobody likes waiting. That’s why we created 3 & Easy, to help your customers into the home they want to own, sooner than they hoped they could. A 97% mortgage, along with all the usual flexible Vida criteria and common-sense underwriting, designed to help you help your customers turn dreams into reality sooner using just a 3% deposit!

3&EASY: 97% LTV Products

5 year fixed

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
Limited Edition	Standard	97%	Vida 36	7.25%	£995	£750k
Limited Edition	Fee Saver	97%	Vida 36	7.59%	£0	£750k

Additional information

Minimum loan £50k.

ERCs

5 year: 5%, 5%, 4%, 3%, 2%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.03.2024

Revert Rate

9.19% (VVR + 2.64%)

7 year fixed

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
Limited Edition	Standard	97%	Vida 36	7.65%	£995	£750k
Limited Edition	Fee Saver	97%	Vida 36	7.80%	£0	£750k

Additional information

Minimum loan £50k.

ERCs

7 year: 6%, 6%, 5%, 4%, 3%, 2%, 1%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.03.2025

Revert Rate

9.19% (VVR + 2.64%)

Limited Editions

5 year fixed

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
5 year fixed	Standard	95%	Vida 36	6.85%	£995	£750k
	Standard	95%	Vida 24	6.99%
	Standard 3&EASY	97%	Vida 36	7.25%
	Fee Saver	95%	Vida 36	7.30%	£0	£750k
	Fee Saver	95%	Vida 24	7.44%
	Fee Saver 3&EASY	97%	Vida 36	7.59%

Additional information

Minimum loan £50k.

ERCs

5 year: 5%, 5%, 4%, 3%, 2%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.03.2024

Revert Rate

9.19% (VVR + 2.64%)

7 year fixed

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
7 year fixed	Standard	95%	Vida 36	7.35%	£995	£750k
	Standard	95%	Vida 24	7.45%
	Standard 3&EASY	97%	Vida 36	7.65%
	Fee Saver	95%	Vida 36	7.50%	£0	£750k
	Fee Saver	95%	Vida 24	7.60%
	Fee Saver 3&EASY	97%	Vida 36	7.80%

Additional information

Minimum loan £50k.

ERCs

7 year: 6%, 6%, 5%, 4%, 3%, 2%, 1%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.03.2025

Revert Rate

9.19% (VVR + 2.64%)

Core Range

2 year fixed

Standard range - 2 year fixed rate.
Available for both purchase and remortgages.

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
Core	Standard	75%	Vida 36	6.36%	£995	£2m
			Vida 24	6.54%
			Vida 6	6.73%
			Packager	7.14%
		80%	Vida 36	6.51%	£995	£1.5m
			Vida 24	6.56%
			Vida 6	6.92%
		85%	Vida 36	6.95%	£995	£1.5m
			Vida 24	7.02%
			Vida 6	7.38%
		90%	Vida 36	7.02%	£995	£1.5m
			Vida 24	7.35%
			Vida 6	7.79%
	Fee Saver	75%	Vida 36	7.04%	£0	£2m
			Vida 24	7.24%
			Vida 6	7.44%
		80%	Vida 36	7.19%	£0	£1.5m
			Vida 24	7.26%
			Vida 6	7.63%
		85%	Vida 36	7.35%	£0	£1.5m
			Vida 24	7.42%
			Vida 6	7.78%
		90%	Vida 36	7.42%	£0	£1.5m
			Vida 24	7.75%
			Vida 6	8.19%

Additional information

Minimum loan £50k.

ERCs

2 year: 4%, 3%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.03.2025

Revert Rate

9.19% (VVR + 2.64%)

5 year fixed

Standard range - 5 year fixed rate.
A minimum term of 6 years is required.
Available for both purchase and remortgages.

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
Core	Standard	75%	Vida 36	5.88%	£995	£2m
			Vida 24	6.00%
			Vida 6	6.25%
			Packager	7.08%
		80%	Vida 36	6.00%	£995	£1.5m
			Vida 24	6.15%
			Vida 6	6.49%
		85%	Vida 36	6.16%	£995	£1.5m
			Vida 24	6.47%
			Vida 6	6.79%
		90%	Vida 36	6.35%	£995	£1.5m
			Vida 24	6.75%
			Vida 6	7.39%
	Fee Saver	75%	Vida 36	6.19%	£0	£2m
			Vida 24	6.34%
			Vida 6	6.54%
		80%	Vida 36	6.31%	£0	£1.5m
			Vida 24	6.49%
			Vida 6	6.78%
		85%	Vida 36	6.36%	£0	£1.5m
			Vida 24	6.67%
			Vida 6	6.99%
		90%	Vida 36	6.80%	£0	£1.5m
			Vida 24	6.95%
			Vida 6	7.59%

Additional information

Minimum loan £50k.

ERCs

5 year: 5%, 5%, 4%, 3%, 2%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.12.2025

Revert Rate

9.19% (VVR + 2.64%)

7 year fixed

Standard range - 7 year fixed rate.
A minimum term of 8 years is required.
Available for both purchase and remortgages.

Product	Type	LTV	Tier	Initial rate	Fee	Max loan
Core	Standard	90%	Vida 36	7.15%	£995	£1.5m
			Vida 24	7.25%
			Vida 6	7.39%
	Fee Saver	90%	Vida 36	7.30%	£0	£1.5m

Additional information

Minimum loan £50k.

ERCs

7 year: 6%, 6%, 5%, 4%, 3%, 2%, 1%

Fee Saver

Fee free, no assessment fee, free valuation on properties up to £1m

Vida Variable rate (VVR)

6.55% set on 01.03.2025

Revert Rate

9.19% (VVR + 2.64%)

Right to Buy

2 year fixed

Right to Buy - 2 year fixed

Purchase only applications from Local Authorities for Right to Buy and from Housing Associations for Right to Acquire Available up to lower of 100% of discounted purchase price or 75% of the open market value.

We will need to see:
- Section 125 or RTA 3 from the Local Authority/Housing Association
- Last 12 months rental payments. Any missed rental payments will be treated as missed mortgage payments for tier allocation.

LTV	Tier	Initial rate	Fee	Max loan
75%	Vida 36	6.99%	£995	£2m
	Vida 24	7.04%
	Vida 6	7.39%
	Packager	7.79%

Additional information

Minimum loan £50k.

ERCs

2 year: 4%, 4%

Vida Variable rate (VVR)

6.55% set on 01.03.2025

Revert Rate

9.19% (VVR + 2.64%)

5 year fixed

Right to Buy - 5 year fixed
A minimum term of 6 years is required.

LTV	Tier	Initial rate	Fee	Max loan
75%	Vida 36	6.60%	£995	£2m
	Vida 24	7.05%
	Vida 6	7.35%
	Packager	7.49%

Additional information

Minimum loan £50k.

ERCs

5 year: 5%, 5%, 4%, 3%, 2%

Vida Variable rate (VVR)

6.55% set on 01.03.2025

Revert Rate

9.19% (VVR + 2.64%)

Residential calculator

Want to know how much we could lend your customers without logging into the Vida Application System for a DIP?

Go to calculator

Residential criteria highlights

Self employed

Minimum 1 years trading required

2 years evidence of income required unless only 1 years available due to time trading

Salary, dividends and net profit considered
Accepted across all products

Joint Borrower Sole Proprietor

Up to 4 applicants accepted

All incomes considered in affordability

Parents (including step-parents and parents of a spouse) and children (including step or adopted), siblings, grandparents, aunts, uncles, cousins and nieces/nephews) accepted.

Contractor & short work history

48x weekly rate for self employed

Day 1 contractors considered with a minimum 1-years track record of employment within the same line of work

Minimum 3 months remaining on current contract

Contractors of any profession

CIS workers & Umbrella contractors accepted.

Specialist Properties

Ex-Public Sector properties

New Build

Flats above or adjacent to commercial considered

High-rise flats considered with no restrictions on the maximum number of storeys

Search all criteria

Useful Residential Documents

For help with mortgage documentation, the application process or to find out more about our products & criteria, call the V-Hub on 03300 246 246

Guides & Resources

Case studies

Product Guides, Application Checklists and Residential resources you might find useful

🗎 Residential Rate Sheet

🗎 Residential Application Checklist

🗎 Mandatory Documents Intermediary Guide

🗎 First Time Buyer Guide

Our case studies will assist you in understanding how we can help more of your specialist clients

🗎 3 & Easy - Miss Nash wants to purchase her first home

🗎 Complex income - Michael and Rose want to do some renovations

🗎 First Time Buyers - Harry and Emma want their own place

🗎 Adverse - Katia and Lorenzo want to buy their home

🗎 Self Employed - Luke wants a fresh start