Vida’s proposition includes plans for contract workers and those with a short work history, interest-only products, and allowing up to four applicants with all incomes considered.
Vida also accept property types such as high rise, ex-council flats and flats over takeaways and restaurants.
Its buy-to-let criteria includes portfolios of up to 15 properties, new and retired landlords up to age 95, expats and Houses in Multiple Occupation (HMOs) with up to eight bedrooms.
Promise Specialist Lending managing director Steve Walker (pictured) said Vida had carefully studied where there were needs in the market and sought to address them.
“Its stance on contract workers, taking four applicants income, accepting less popular property types and buy to let plans are just a few of the benefits of using Vida,” he said.
“When you combine all of the nuances of the criteria I am confident that Vida will gain market share and be of significant benefit to mortgage brokers who have switched on to seconds.”
Vida Homeloans director of sales for secured loans Simon Burnell added: “Having worked with Steve for over 20 years it’s great to add him to our panel. We are slowly widening distribution as we complete our test and learn phase.”