Vida Homeloans Announces Rate Cuts, Enhances BTL Affordability and Streamlines Application Process

12 December 2024

Vida Homeloans, the specialist lender, has made reductions across their entire product range, enhanced their Buy to Let criteria, and have streamlined their broker application experience.

The latest reductions include the whole of the Residential range of products being cut by up to 0.15% and all Buy to Let products reduced by up to 0.26%.

Product transfer (retention) products have also been reduced across Residential and Buy to Let by up to 0.20%.

Vida, who recently become a fully authorised Bank, have also made changes to their Buy to Let affordability criteria. Where there is no additional borrowing, Buy to Let applications will now be stressed at pay rate. ICRs remain unchanged.

They have also improved their process of document certification. Documents that require certification can now be completed using digital signatures, making this part of the application process quicker and easier for Brokers and customers. Brokers can review the full certification requirements here.

Intermediaries can contact the V-Hub to discuss any case or criteria, where they’ll have direct access to specialist experts and underwriters.