The lender will offer lending up to seven times LTI for applicants with a minimum income of £60,000 per year up to 90% LTV.
This change aims to support “professionals with strong earning potential who are seeking to step onto or move up the property ladder”.
Vida Homeloans has lowered the minimum income requirements from £60,000 to £40,000 per year for customers seeking to borrow at 4.5 times LTI and above to a maximum of six times income.
The lender said this would open up “greater affordability options for a wider range of borrowers”, which includes those in emerging careers or with growing income trajectories.
Vida Homeloans also introduced a 95% LTV deal on the Vida 6 Credit Tier, which offers specialist support for borrowers with recent adverse credit histories.
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Ross Williams, head of product management at Vida Homeloans, said: “These enhancements are always more than just product updates – they’re a reflection of our purpose. At Vida, we believe everyone deserves the opportunity to find a place to call home. By expanding our criteria and introducing new solutions, we’re making that belief a reality for more people every day.”
Sophie Waugh, mortgage technical manager at John Charcol, added: “Vida’s latest changes are a game-changer for customers who’ve traditionally found it hard to access the mortgage market.
“The increased LTI limits and reduced income thresholds mean more people – especially those early in their careers or recovering from financial setbacks – can now take real steps toward homeownership. As a broker, it’s incredibly rewarding to be able to offer solutions that genuinely reflect the realities of our clients’ lives.”
Vida Homeloans recently launched a foreign national range and tweaked its residential stress test.
