Poppy is a first-time buyer looking to purchase a new build flat. She has been saving for
a deposit but still needs some help from her parents.
Poppy has been worried about a CCJ for an unpaid parking ticket she received in 2019, and that it could ruin her chances of owning her own home after being turned down by various high street lenders. But Vida can help! Poppy’s parents used some of their savings and gifted her a part of the deposit. The developer of her flat also offered a 5% incentive which she is using to boost her own deposit.
Poppy’s Story
Poppy can borrow up to 90% LTV for the flat and Vida also considers her CCJ (received over 24 months ago) on the Vida 24 tier. Poppy can finally become a home-owner in a brand new flat of her own!
We have recently enhanced our criteria across our Residential range… we’re Resi to Rumble! Some of our latest changes include:
- Assessment fee removed from all residential products
- £0 product fee payable on all Fee Saver products
- Fee Saver benefits enhanced – one free valuation for properties valued up to £1m, £500 contribution towards legal costs paid on completion
- 90% LTV available on tiers Vida 48 – Vida 12. 85% LTV now available on Vida 6
- Debt consolidation available up to 85% LTV
Coupled with our New Build criteria:
- 6 month offer on new build with a further 6 month extension considered
- Up to 4 applicants with all incomes considered
- Up to 100% Gifted deposits from family considered
- Builders incentives up to 5% of the purchase price
- Complex incomes (including commission, overtime and second jobs)
