We have significantly improved our criteria as a result of broker feedback. Here are the highlights:
- 90% LTV for First Time Buyers
- 100% of Discounted Purchase Price for Right To Buyers
- Larger Loan and Portfolio Sizes for Buy To Let Applicants
- New ‘Vida Premier’ Range from 2.79%
Residential
On our specialist residential range we’ve introduced new Maximum LTV of 90% for first time buyers, an increased maximum mortgage term of 40 years, 100% Discounted Purchase Price for Right to Buy and a new maximum loan amount of £1.5 million.
Buy to let
We’ve increased our maximum loan amount to £4 million on portfolios of up to 15 properties (maximum £1.5 million per property). We will consider flats above commercial premises, including restaurants and takeaways.
New Vida premier range
Rates start at 2.79% (up to 70% LTV) for residential cases and 2.89% (up to 70% LTV) for Buy to Let cases – the range is designed for customers with light impaired credit records and no CCJs or defaults in last 3 years.
