Vida will be withdrawing all current products and replacing them with new products on Tuesday 28th February.
They are pleased to let you know they have made enhancements to our criteria across the board and introduced a wider range of products, available on the 28th of February.
Some of our key enhancements include:
Product highlights:
- 85% LTV available
- Minimum loan size reduced to £50k
- Fee saver products available across their entire range
Criteria enhancements include:
- 6 x loan to income ratio
- No restriction on number of storeys in a block of flats
- No requirement for a lift above 4th floor
- Flats near to or above bars, pubs and petrol stations considered
- Multi-Unit Blocks (MUB) now available up to 6 units
- Landlords considered with no experience when purchasing HMO or MUB
- Only 1-years’ UK residency required before application
- Extended list of acceptable visas
Please see attached our new Product and Criteria guides where further detail of these enhancements can be found. These will be live on our website from Tuesday 28th Feb.
Plus, we have something really exciting coming on the 1st March, which we can’t wait to share with you!
As always, our V-Hub team are on hand to help with any of your advisor’s queries and they can speak to an underwriter directly.
They can be reached at: v-hub@vidahomeloans.co.uk, or call 03300 246 246.