The firm will allow intercompany loans as a source of a deposit for BTL special purpose vehicle (SPV) applications, where the applicant is an equal or majority shareholder in the trading company offering the funds.
Vida Homeloans said the change recognises the way many professional landlords structure their businesses and offers a solution that better reflects “real-world funding models”.
The company has also upped its aggregate exposure limit from £4m to £7.5m, which will give more headroom for portfolio landlords looking to grow.
Vida Homeloans said the uplift supports brokers working with “established landlords seeking to refinance, consolidate or expand”.
Dani Hancock, proposition development lead at Vida Homeloans, said: “These improvements are another important step in strengthening our BTL proposition. Allowing intercompany loans as a source of deposit reflects the way many professional landlords operate and gives brokers a straightforward route to placing more complex structures with us. Increasing our aggregate exposure limit to £7.5m also means we can better support growing portfolios and long‑term investor ambitions.
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“Our aim is to create a lending environment that works with, not against, the realities of today’s landlord market – and these changes form a key part of that mission.”
Vida Homeloans recently extended its foreign national lending policy to its BTL product offering, giving more options to overseas borrowers.
