Specialist Financial Services welcome Vida Homeloans to their mortgage panel

17 May 2018

Specialist Financial Services Ltd (SFS) is pleased to announce that Vida Homeloans have been added to their second charge mortgage panel. Vida Homeloans brings a fresh solution to second charge lending with an impressive range of unique selling points including:

Rates from 4.50%
Up to 75% LTV
No credit scoring
Interest only available
Contractors accepted
Buy-to-lets on second charges
Impaired credit accepted
Accountants certificates can be used as proof of income
Minimum one-year self-employment
Flats above commercial properties accepted
Ex-local authority flats accepted
Up to four applicants on one application

Tony Sutton, managing director at SFS said: “We are delighted to have Vida Homeloans on board. They offer some truly bespoke criteria which makes them really stand out from many other lenders. Ourselves and our introducers will certainly benefit from having them on our panel and we look forward to completing cases together in the future.”

Vida Homeloans has also been added to Specialist Financial Services’ second charge loan packaging service, under their brand of the Loan Processing Centre (LPC). LPC is aimed at professional mortgage advisers that wish to retain full control of the application but need the backup of experienced second charge professionals.

LPC offers mortgage advisers access to a whole market of second charge proposition, without the massive fees many second charge packagers try to charge. With products from all 19 major lenders and in response to the lack of decent sourcing system for second charge loans, they have developed their LoanQuote™ sourcing software. Quoting from over two thousand different second charge products, including owner occupied, BTL, consumer BTL, HMO, semi commercial and commercial second charge loans, they can provide a fully compliant sourcing solution.

Mortgage advisers can register at www.lpc.uk.com