You are here: Home - News -

Vida launches residential and buy-to-let range

by:
  • 13/03/2018
  • 0
Vida launches residential and buy-to-let range
Vida Homeloans has launched a new ‘Vida Premier’ range for residential mortgages for buy-to-let (BTL) deals.

 

Vida Homeloans’ new range has rates which start at 2.79% for specialist residential mortgages and 2.89% for specialist BTL business deals, both available at up to 70% loan to value (LTV).

Maximum loan to values (LTVs) in the premier range are 85% for residential and 80% for BTLs, with rates going to 3.49% and 3.44% respectively at max LTVs.

The range is also accessible to customers with impaired credit histories, meaning no CCJs or defaults in the last three years.

Vida said this is its most competitive range yet, and is introduced after criteria changes announced last week, which included raising maximum LTVs for first-time buyers to 90%, and raising the maximum loan amount for BTL portfolios to £4m.

Louisa Sedgwick (pictured), director of sales, mortgages at Vida Homeloans said: “Vida Homeloans is committed to offering flexibility and value to both residential and buy-to-let customers, and the Vida Premier range is part of that commitment.”

“Now our new range also offers attractive rates to those customers with appropriate credit records,” Sedgwick added.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @Official_AMI: We raised an amazing £3,536.40 for @MytonHospices last night so a huge thank you to everyone who donated. This is the hig…
Read previous post:
Sebastian-Murphy-(left)-Rory-Joseph-(right)-JLM
Interest-only: Paving the way for another mis-selling scandal – JLM

The much-used phrase ‘interest-only timebomb’ appeared to be less in use recently, however judging by the Financial Conduct Authority’s (FCA)...

Close