LENDING CRITERIA

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Vida Homeloans will lend to customers purchasing a new residential property who are renting out their existing owner-occupied property, providing Vida Homeloans sees a copy of the offer from the lender who is lending on the Buy to Let element.

Vida Homeloans can also lend on both the BTL remortgage and the residential purchase (investor/ non-consumer only).

    Maximum     LTV   Maximum Loan   Amount
Capital & Interest   90% (FTB   ONLY)  £400,000
   85%  £500,000
   80%  £750,000
   75%  £1,000,000
   70%  £1,000,000 -   £1,500,000
Interest Only  75%  £1,000,000
 Ex local Authority flats/maisonettes  80%  £500,000
 Flats above commercial premises  75%  £1,000,000
 Flats situated above restaurants/takeaways/public houses/laundrettes  60%  £1,000,000

  • The maximum LTV will be based on purchase price or valuation, whichever is the lower, with the exception of mortgages for property purchased at an undervalue.
  • The maximum exposure to a single customer is £2,000,000 inclusive of fees.  

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