Buy to let landlords
We have enhanced our BTL offering by launching an 85% LTV product for existing property owners, and increasing the number of properties allowed in a portfolio with Vida to 20, max £4m.
These BTL enhancements form part of January’s Product Relaunch.
Key product information
- Can have historical impaired credit or life event;
- Loan sizes up to £250k. For loans below £150k, a fee of just 1% applies;
- Targeting existing property owners purchasing buy to lets outside the M25.
Typical customer example
Peter has been looking to grow his property portfolio and has targeted the Salford area of Manchester because of the proximity to both the University and to MediaCity. He wants to purchase a large Victorian freehold property which has been converted into 4 high quality self-contained units. His plan is to keep this as a multi-unit block (MUB) to maximise his rental yield across the 4 flats. His broker has advised him that Vida specialises in MUBs up to a maximum of 5 self-contained units on a single freehold title and have just released an 85% LTV product to help lower the deposit required by landlords.
