If the property was purchased less than 6 months ago, remortgaging out of bridging finance provided by other lenders will be on a pound-for-pound basis only, which may include legitimate fees and interest applied by the existing lender. Capital raising will not be available.

An application where the existing bridging facility or mortgage is provided by a private individual or company connected to the customer(s), is not accepted.

Accepted providing the incentive does not exceed 5% and confirmation is received from the vendor/builder, confirming the monetary value.

Suitable buildings insurance should be in place at exchange of contracts where applicable

Recent updates to Vida Criteria

100% Debt Consolidation now available on residential products up to 70% LTV
Up to three unsecured missed payments allowed in the last 6 months
Maximum BTL loan increased to £1.5m