We have refreshed how we assess self‑employed applicants whilst maintaining a common‑sense approach. We would strongly advise that all cases should be discussed prior to submission with your BDM to ensure they meet our requirements. Find your nearest BDM here. Self‑employed highlights Salary & Dividends are used as standard. An average of last 2 years [...]

Do you have clients who are looking to finance a specialist property type such as a HMO, multi unit block or short term let? We can help. Here's a brief look at how: HMOs - up to 8 bedrooms Multi Unit Blocks - up to 10 units Short term lets - no AST required No [...]

On Tuesday 20 October, we increased selected residential, Help to Buy and Buy to Let rates at 60%, 75% and 85% LTV by up to 0.35%, and withdrawing our 85% LTV 2 year fixed purchase and remortgage products. In addition, charge and benefit end dates and the completion deadlines on our range will move on; [...]

In a recent article1 published by The Guardian, it was found that – ‘Nearly one in four home purchases this year will be backed by the “bank of mum and dad” – up from fewer than one in five in 2019 – as buyers struggle with the economic fallout from the Covid-19 crisis.’ Buckinghamshire Building [...]

Save time and track your case online Your 10 most recently created cases are shown on the home screen, and you also have the ability to show all cases or search for a particular case as required. TMW Online is updated every 10 minutes, and can be accessed via your desktop, laptop, tablet or mobile. So [...]

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% [...]