Vida Product update: Right to Buy Now Available

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Vida  now allow purchase only applications from Local Authorities for Right to Buy and from Housing Associations for Right to Acquire.

Product Summary Box

What’s new? Right to Buy is back – hooray!
What are the Product details?
  • 2 and 5 year fixed options
  • £0 product fee
What’s the LTV? 75% LTV
Any other features? Available up to 100% discounted purchase price or 75% of open market value
What documentation will I need to supply for a Right to Buy application? We’ll need to see:

  • Right to Buy / Right to Acquire Document
    Please provide a certified copy of Section 125 notice (Right to Buy) or Form RTA3 (Right to Acquire).
  • Proof of Rental Payments
    Please provide evidence of the latest 12 months rental payments to the local authority or housing

The new Right to Buy products join other recent enhancements to our residential criteria including:

    • Minimum loan of £50,000
    • Fee free options
    • No maximum limit of storeys in a block of flats considered
    • Flats adjacent commercial properties – pubs and petrol stations now considered
    • Joint Borrower Sole Proprietor expanded to other family member
    • Acceptable Visas extended with just one years UK residency required

And that’s not all…

You also have access to our most comprehensive Service Pledge, ever. Meaning, if you feel like you haven’t received a high level of service from Vida and the V-Hub team, we’ll refund the £180 administration fee*. It really is that simple!