Vida: Important changes to our Contractor criteria

As the lending specialist, we are here to assist all contractors, including those with a less than perfect credit record.

We have listened to your feedback and are pleased to announce a range of enhancements to our contractor criteria, to help get life moving for your clients.

Highlights:

  • Enhanced affordability: 48x weekly rate for self-employed contractors
  • Day 1 contractors considered where at least a 1 year track record of employment within same line of work
  • CIS workers now only need to provide 1 year’s SA302 and tax year overview along with the last 3 months’ payslips or invoices
  • All LTVs and Adverse Tiers available to contractors

Plus, reduced minimum time requirement in 2nd job down to 3 months

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Easy Video Reviews

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