New build – no problem!

  • Flats & Houses accepted up to 90% LTV;
  • 6 month offer and up to 6 month extension available;
  • Now accept completion certificate instead of re-inspection;
  • Vendor and Builder Gifted Deposits;
  • Dedicated underwriting team.

Typical Vida new build customer

Jo (26) & Andy (27) have always wanted to own a home of their own. They have had their eyes on a New Build house in South London and, according to the developers, the house should be completed in 4-5 months’ time. Like many couples in their position, they have struggled to get together a deposit. Jo’s parents kindly offer to gift 10% of the deposit and they apply to Vida to take advantage of Vida’s 90% LTV First-time Buyer proposition.

The new build is taking longer than expected and will now complete in month 7. Vida can extend the initial 6-month offer for as much as a further 6 months for a small re-valuation fee (£120), enabling Jo & Andy to complete on their dream home.

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