SECOND CHARGE RESIDENTIAL MORTGAGE CUSTOMERS

One size definitely doesn't fit all when it comes to your client's mortgage needs, so our products and service have been designed to be more flexible than many mainstream lenders.Here are a few of the types of customer we specialise in at Vida Homeloans.

HISTORIC LIFE EVENT

Description

Previous one-off event that caused impaired credit

Key Selling Points

Will lend up to 85% LTV, depending on recent circumstances
Pay day Loans ignored
Debt Management ignored

LATER LIFE BORROWING

Description

Wants to release equity for son or daughter's house deposit

Key Selling Points

Will lend to aged 85 with proof of pension income
No LTV restriction by plan
Term to 35 years to manage affordability

COMPLEX INCOME

Description

Contractor who has been declined by the High Street
Only has 3 months of current contract remaining but has history of employment

Key Selling Points

No loadings on rate or LTV
Will lend to 85% LTV

DEBT CONSOLIDATION

Description

Put all outstanding credit into one monthly repayment
Reduces monthly out goings

Key Selling Points

Refused further advance on a mortgage due to affordability
Second charge will pay creditors direct to ensure future affordability
Lend to 75% LTV with recent adverse (clear in past 6 months)
Overpayments accepted

CAPITAL RAISING

Description

Use for Buy to Let deposits
Business Purposes
Home Improvements

Key Selling Points

Current mortgage on 5 year fix with ERCs
Quick turnaround required
Lend to 85% LTV
Minor historic adverse accepted