Vida Homeloans Now Available to Ingard Members

We’re delighted to announce that Ingard Members can now access Vida Homeloans’ products via L&G Key Partners.

To register with Vida Homeloans, simply click here and complete your details, selecting L&G Key Partners as your submission route. If you have already registered with Vida Homeloans via a different submission route then please log into your account to amend this.

About Vida Homeloans

The specialist intermediary only residential mortgage and buy to let lender, piloted their first range of products in Q3 last year, and are now expanding their distribution to include a select few mortgage clubs.

Vida Homeloans specialises in helping a wide range of underserved borrowers who may struggle to get a mortgage due to their age, career choice e.g. freelancers and the self-employed, or those who suffer from bad credit due to a life event.

Residential Mortgage Highlights

  • Let to Buy – up to 85% LTV residential, up to 80% LTV buy to let
  • Cascade and manual underwriting
  • Up to 4 applicants considered on one application
  • Fee saver range – no product fees plus up to £650 valuation fee refund
  • Contractors and short work history considered
  • Borrowing in and into retirement – maximum age 85 years at end of term, pension income accepted
  • Self employed – only 1 year’s verified accounts or SA302
  • Right to buy – any product tier, flats up to 80% LTV and high rise
  • Impaired credit history due to life events, DMPs considered

Buy to Let Mortgage Highlights

  • Ltd company/ LLP Trading or SPV – available on any trading ltd
    company with only one year’s accounts
  • Portfolio landlords – maximum 15 with Vida Homeloans
  • Surplus income can be used to top up rental income for single units
  • Impaired credit history due to small or life events
  • Cascade and manual underwriting
  • HMOs & expats – no additional rate or fee loading
  • Up to 80% LTV
  • Older and retired landlords – maximum age up to 95 years at the end of term (ltd company), no minimum income, interest-only up to 80% LTV
  • Rental calculation – 125% for basic rate tax payers and ltd companies, HMOs only 130%

Call our Specialist Team on 01702 538 800 for guidance on the best rates and criteria available or complete one of the below short forms:

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