Take a look at the below examples of some of our Key Worker customer types and how Vida could help them in their home ownership journey
| Kaye – NHS Nurse Kaye provided her past 3 months payslips to our Underwriter who was able to consider 100% of all shift allowance and 50% of overtime meaning Kaye could borrow 5.5x her total income. Being able to consider ex-public sector properties means Kaye can afford a new home closer to Southampton General Hospital, despite only having a 10% deposit. |
| Jamie – Fire Fighter We are able to consider Jamie’s second income as a personal trainer as he has been in both roles for over 12 months. His partner works part-time in a local chemist. We can apply the enhanced LTI of 5.5x across their combined incomes, meaning they can move to a larger home for their expanding family |
Vida’s Key Worker Highlights:
> Rates from 2.94% on Vida 48
> Key Workers can borrow up to 5.5x their income, applied to all parties to the mortgage
> Up to 90% LTV available
> 2nd income and shift allowances accepted
> Just one party to the application needs to be a Key Worker
> Available across Vida tiers 48, 36 and 24
> Fee Saver options available, including one free valuation, a £250 contribution towards legal fees paid within 30 days of completion.
For a full definition of who qualifies as a Key Worker, please take a look here.
All of our Key Worker products and rates can be viewed live on our website.
