• Acceptable to be paid via an umbrella company, which pays tax and NI for the applicant
  • Where contracting for more than 12 months, accounts to be provided
  • Where contracting less than 12 months and the employer pays both tax and NI,
  • income verified via payslips (as per employed applicants)
  • Where contracting less than 12 months and paid via an umbrella company, income
  • ·verified via last 3 months payslips
  • Where contracting less than 12 months, self-employed, and applicant pays their own tax and NI, weekly contact rate x 46 (weeks) less applicable expenses is used

Minimum 6 months contract or rolling 3 months renewed at least once. Customer must have a 1 year track record of employment within the same line of work

We do not accept applications from customers with a criminal record unless the conviction is for a minor traffic offence, or is spent under the Rehabilitation of Offenders Act 1974, as this may have a bearing on their ability or willingness to make payments in the future, or to obtain adequate insurance on the security property.

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