The products are available at 90%, 95% and 97% LTV on two- or five-year fixed terms. The mortgages will have no assessment fee for a limited period, and some include cashback of up to £1,250 payable on completion. There are also fee-saver options with no product fee and a free valuation.
Vida Homeloans has also introduced limited-edition two-year fixes to the Pathway range, available for residential borrowing up to 95% LTV. These products have cashback options and no assessment fee.
The products are also available for remortgage and homemover borrowers.
Ross Williams, head of mortgage product management at Vida Homeloans, said: “The new Pathway range makes the route to homeownership even more achievable for first-time buyers.
“With high-LTV options available with a deposit from just 3%, a choice of two- and five-year fixed rates, specialist products for foreign nationals up to 90% LTV, no assessment fees for all products above 85% LTV, and attractive cashback incentives, Pathway helps to get life moving – especially for those taking their first steps into homeownership.”
The growth of ‘just-off-high-street’ lending
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Lower rates and updated application process
Vida Homeloans has also lowered rates across some residential and buy-to-let (BTL) products and enhanced its application process.
The lender has now removed the requirement for rental evidence on Right to Buy cases and no longer requires a business plan for BTL portfolio landlord applications.
Further, it has reintroduced a Professional Consultants Certificate (PCC) as an acceptable form of certification, as long as it is issued by a suitably qualified professional consultant.
Vida Homeloans has revised its cohabitation policy, including married couples.
The lender said the changes would reduce friction and improve the experience for brokers.
James Thornton, head of underwriting at Vida Homeloans, said: “We’ve made a raft of improvements behind the scenes to make our application process as efficient and streamlined as possible.
“Brokers will enjoy the benefit across a range of case types, whether residential or buy to let. We remain committed to continually enhancing our broker journey, with many more improvements planned for 2026.”
