We created 3 & Easy, to help your customers into the home they want to own, sooner than they hoped they could.
But what customer type can the 3 & Easy product range help in their home-ownership journey?
Here's three, 3 & Easy examples:
First Time Buyer: Kelly
Kelly is a First Time Buyer who has been living with parents. She has a small deposit for her first home and needs a 97% LTV mortgage. She is self-employed and has 18 months of accounts... she needs 3 & Easy to get life moving!
Home-movers: Jason & Harry
Jason and Harry own a 1-bedroom flat and want some more space. They want to borrow up to 97% LTV for a 3-bedroom house. Jason has some historic adverse* and Harry has a settled CCJ.. they need 3 & Easyto get life moving!
First Time Buyers: Kiran and Mo
Kiran and Mo have been renting for 7 years. They have a small deposit due to their high, monthly rental cost, and want to borrow up to 97% LTV to buy their first home. Kiran works in the NHS and receives varying overtime payments. Mo is a CIS Contractor with some historic adverse*...they need 3 & Easyto get life moving!
*All LTVs above 90% require the customer's credit file to be up to date with no current arrears on major unsecured items. Unsecured items include: unsecured loans, hire purchases, store cards, credit cards and current accounts. For further details, please refer to our Residential Guide.
For Intermediary use only. Not intended for retail consumer use.
Vida Homeloans is a trading name of Vida Bank Limited, registered in England and Wales with company number 09837692 with its registered office at 1 Battle Bridge Lane, London, SE1 2HP. Vida Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority with Financial Services Register Firm Reference Number 738741.
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