Residential Product Range

Vida can help you get life moving for more specialist Residential mortgage customers, whether it is for first-time buyers, the self employed, contractors with a short work history, or those clients with impaired & improving credit our Intermediary Engagement Specialists can guide you through our flexible Residential criteria, fee free options and fixed rate deals.

Product perfection

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

Transparent tiering

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

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 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.

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

Limited Editions

2 year fixed

Please note: Limited Editions have a restricted tranche size and may, therefore, be withdrawn at short notice.
Available for both purchase and remortgages.

LTV	Tier	Initial rate	Fee	Max loan
90%	Vida 36	6.79%	£1,495	£600k

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

4%, 3%.

5 year fixed

LTV	Tier	Initial rate	Fee	Max loan
90%	Vida 36	6.55%	£1,495	£600k

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

5%, 5%, 4%, 3%, 2%

Standard Range

2 year fixed

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

LTV	Tier	Initial Rate	Fee	Max loan
75%	Vida 36	6.34%	£995	£2m
	Vida 24	6.50%
	Vida 6	6.74%
	Packager	7.19%
80%	Vida 36	6.39%	£995	£1m
	Vida 24	6.65%
	Vida 6	7.12%
85%	Vida 36	6.86%	£995	£1m
	Vida 24	6.93%
	Vida 6	7.24%

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

4%, 3%

5 year fixed

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

LTV	Tier	Initial Rate	Fee	Max loan
75%	Vida 36	5.99%	£995	£2m
	Vida 24	6.06%
	Vida 6	6.17%
	Packager	7.04%
80%	Vida 36	6.09%	£995	£1m
	Vida 24	6.30%
	Vida 6	6.34%
85%	Vida 36	6.19%	£995	£1m
	Vida 24	6.42%
	Vida 6	6.74%

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

5%, 5%, 4%, 3%, 2%.

7 year fixed

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

LTV	Tier	Initial rate	Fee	Max loan
90%	Vida 36	6.55%	£995	£600k

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

6%, 6%, 5%, 4%, 3%, 2%, 1%

Fee Saver

2 year fixed

Fee saver - 2 year fixed rate
Available for both purchase and remortgages
No product fee, no assessment fee and a free valuation on properties up to £1m.

LTV	Tier	Initial rate	Fee	Max loan
75%	Vida 36	7.34%	£0	£2m
	Vida 24	7.52%
	Vida 6	7.72%

Fees

No Assessment Fee payable on Fee Saver Range. One free standard valuation on all properties up to £1m. Standard valuation fees apply on properties valued above £1m.

Vida Variable rate (VVR)

6.80% set on 01.12.2024.

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

4%, 3%,

5 year fixed

Fee saver - 5 year fixed rate
A minimum term of 6 years is required.
Available for both purchase and remortgages
No product fee, no assessment fee and a free valuation on properties up to £1m.

LTV	Tier	Initial rate	Fee	Max loan
75%	Vida 36	6.25%	£0	£2m
	Vida 24	6.49%
	Vida 6	6.59%

Fees

No Assessment Fee payable on Fee Saver Range. One free standard valuation on all properties up to £1m. Standard valuation fees apply on properties valued above £1m.

Vida Variable rate (VVR)

6.80% set on 01.12.2024.

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

5%, 5%, 4%, 3%, 2%.

7 year fixed

Fee saver - 7 year fixed rate
A minimum term of 8 years is required.
Available for both purchase and remortgages
No product fee, no assessment fee and a free valuation on properties up to £1m.

LTV	Tier	Initial rate	Fee	Max loan
90%	Vida 36	6.80%	£0	£600k

Fees

No Assessment Fee payable on Fee Saver Range. One free standard valuation on all properties up to £1m. Standard valuation fees apply on properties valued above £1m.

Vida Variable rate (VVR)

6.80% set on 01.12.2024.

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

6%, 6%, 5%, 4%, 3%. 2%, 1%

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	6.69%	£995	£2m
	Vida 24	6.74%
	Vida 6	7.09%
	Packager	7.49%

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024.

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

4%, 3%,

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	6.70%	£995	£2m
	Vida 24	6.95%
	Vida 6	7.25%
	Packager	7.39%

Fees

A non-refundable £195 is payable on all applications
Product fees can be added to loan above max LTV except 90%.
Standard valuation fees apply.

Vida Variable rate (VVR)

6.80% set on 01.12.2024.

Revert Rate

9.44% (VVR + 2.64%)

Additional Information

Minimum loan £50k.

ERCs

5%, 5%, 4%, 3%, 2%.

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 that will assist you in understanding how we can help more of your specialist clients

🗎 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