You are here: Home - News -

Vida improves new build offer and remortgage process

by:
  • 25/09/2018
  • 0
Vida improves new build offer and remortgage process
Vida Homeloans has improved its new build proposition and introduced a faster remortgage process.

 

The lender is allowing conveyancers on its panel to use its No Search Indemnity insurance, which extends to its buy-to-let products for portfolio and houses in multiple occupation (HMO) landlords.

The move is designed for a faster remortgage process and should also mean lower costs for borrowers, Vida said.

At the same time, Vida has extended its new build mortgage offer period from four to six months and removed the need for a re-inspection to be carried out prior to completion.

If the build overruns, offers can be extended by up to a further six months.

Vida also has a dedicated underwriting team in Yorkshire prioritising new build applications, the lender said.

Louisa Sedgwick, director of sales – mortgages at Vida Homeloans (pictured), said: “Vida Homeloans is always keen to offer the best value to customers, and this is shown through improvements made to our new build proposition and introduction of a speedier remortgage process.

“Our aim at Vida is to ensure that we provide the best products available to the specialist customer, while matching the value added services that they can get on the high street.”

 

There are 0 Comment(s)

Comments are closed.

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.
Read previous post:
Lenders urged to develop energy efficient mortgages to tackle climate change

Lenders, industry and the government must grow a mass market for energy efficient mortgages, a report from the World Green...

Close