Vida has recently launched its Joint Borrower Sole Proprietor product called ‘Helping Hand’ and is the first specialist lender to offer this solution. Several intermediaries have been in contact since the launch of Helping Hand asking whether the product available for remortgage clients – it is!
Vida’s Helping Hand is not just a purchase product for first time buyers and home movers; another market segment which could benefit are remortgage customers.
People are often forced to remortgage due to a change in circumstances, such as a divorce, where the main priority may be to stay close to friends and family, especially children. If someone has fallen on hard times and needs help getting back on their feet the likelihood is that they will turn to loved ones for help and, using Vida’s Helping Hand product, they now can.
