Sale of Mortgage Property (SOMP) Interest Only repayment plan In order to select this repayment plan for an interest only mortgage, applications will need to achieve a minimum level of credit score. If applications do not meet this you will be prompted to select an alternative repayment plan. Further advances (FA) applications Customers can now [...]

We've made the following changes to our Shared Ownership product portfolio. Launching: Shared Ownership - 2 Year Fixed Rate 4.44% 95% LTV Teacher Only For home purchase and remortgage applications (Issue 496) Shared Ownership - 5 Year Fixed Rate 4.49% 95% LTV Teacher Only For home purchase and remortgage applications (Issue 497) Withdrawing Shared Ownership [...]

Now, more than ever, borrowers need a lender that can react and respond to the financial complexity that we all face. The COVID-19 pandemic has had a significant impact on existing and potential homeowners in the UK via its effects on the country’s job market, housing sector and overall economy. But here at Vida we [...]

On Friday 16 October we launched 5 new semi-exclusive Residential Intermediary products. Full details of these products can be found below. 2 yr fixed 70% LTV Residential Purchase/Remo 1.49% £995 fee 2 yr fixed 85% LTV Residential Purchase/Remo 3.46% No fee 5 yr fixed 60% LTV Residential Purchase/Remo 1.45% £995 fee 5 yr fixed 70% [...]