Let’s Scratch that Niche
- Missed payments: We look at missed payments, but anything under £250 won’t count towards product tiering. If your customer has up to 3 missed payments of £250 plus in the last 6 months, they will be considered.
- Adverse: Applicants with more recent credit issues could still be eligible under Vida’s Packager Tier.
- CCJs and Defaults: both satisfied and unsatisfied CCJs are accepted across our products. CCJs and defaults under £250 are considered within affordability, however, they are excluded from product tiering.
- Repossessions: Past repossessions are considered if they were at least 6 years ago. With Vida’s Packager Tier, we can consider repossessions from 3 years ago.
Rate Expectations
Stay ahead of the curve with our newest rates, product tweaks, and limited editions — all in one place
Reminder of our most recent updates:
We’ve made rate cuts by up to 0.65% on Residential products and by up to 0.59% on BTL products.
95% LTV is now available on our Vida 6 product tier.
We now lend up to a generous 7x Loan to Income (LTI) at 90% LTV for incomes over £60,000, and 6x Loan to Income for incomes over £40,000 subject to affordability.
The bits & bobs bit
Any news, links or announcements we think might you might find useful
News: Vida expands lending proposition to help more people find a place to call home
News: Vida Launches Mobi – Vida Launches “Mobi” – AI-Powered Chatbot to Supercharge Broker Support.