Criteria wrap-up: Remortgages

We've made a whole bunch of criteria enhancements so far this year to help you help more customers. Here's a wrap-up of the enhancements we've made around Remortgages.

Summary of Changes

Remortgage

• Sole application for married couple considered 
• Remortgages within 6 months considered

Additional Criteria for Remortgages

Take a look below at how we can further help your customers remortgage to Vida:

Remortgage Capital Raising Purposes

Remortgage allowed for any legal purpose. 

Debt Consolidation available up to 85% LTV.

(Capital raising excludes business purposes, speculative investments, gambling debts and purchase of time share)

Remortgage from Bridging Finance/Loan

We allow remortgaging from bridging finance provided by other lenders including the roll up of interest and lender fees

Two Applicants on Mortgage/One name on Deeds

Helping Hand is our Joint Borrower Sole Proprietor purchase and remortgage offer (either FTB or home-mover, excludes RTB). Parents (including stepparents and parents of a spouse) and children (including step or adopted), siblings, grandparents, aunts, uncles, cousins and nieces/nephews assisting each other to buy or remortgage a home by joining the mortgage without going on the title deeds. All incomes considered in affordability subject to usual rules.

All applications are subject to full underwrite.

Let's get life moving for you and your customers.

Take a look at all the latest changes using the button below.