LENDING CRITERIA

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We do not currently lend in or into retirement. The maximum retirement age for any applicant is 70 years. Plausibility for working to loan maturity should be evidenced in all cases.

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  and MOVERS) £400,000
  85% £500,000
  80% £750,000
  75% £1,000,000
  70% £1,000,000 -   £1,500,000
Interest Only 70% £1,000,000
 Ex local Authority flats/maisonettes 80% £500,000
 Flats above commercial premises 75% £1,000,000
 Flats situated above restaurants/takeaways/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 £4,000,000 inclusive of fees.