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Premier Packager Club
An exclusive service with genuine partnerships and a unique proposition - welcome to the Premier Packager Club!
You deserve the best! That’s why we have launched the Vida Premier Packager Club, to provide you with everything you want, and deserve from a Specialist Lender!
The Premier Packager Club gives you access to our dedicated Packager Support Team within the V-Hub.
Just call 03300 246 246 and select Option 6 to get straight through to them.
More about the Premier Packager Club - jump to a section:
γYour Packager Products
γPackager Exclusive credit tier explained
γOur Packager partners
γUseful downloads, guides & links
Your Packager products
Our Premier Packager Club members get access to a range of exclusive products, helping you
to help more customers get life moving.
Packager Tier - Residential Products
2 year fixed
Standard range - 2 year fixed rate
| Product | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|
| 2 year fixed | 65% | Packager | 7.54% | £995 | £2m |
| 75% | Packager | 7.59% |
Fees
Assessment Fees:
A non-refundable £180 is payable on all applications
Product fees can be added to loan above max LTV except 85%
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.30% set on 01.09.2023
Revert rate
9.94% (VVR + 2.64%)
5 year fixed
Available for both purchase and remortgages
A minimum term of 6 years is required.
| Product | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|
| 5 year fixed | 65% | Packager | 7.29% | £995 | £2m |
| 75% | Packager | 7.34% |
Fees
Assessment Fees:
A non-refundable £180 is payable on all applications
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.30% set on 01.09.2023
Revert rate
9.94% (VVR + 2.64%)
Right to Buy
2 year fixed
Available for both purchase and remortgages
| LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|
| 75% | Packager | 7.94% | £995 | £2m |
Fees
Assessment Fees:
A non-refundable £180 is payable on all applications
£995 product fee can be added to loan above LTV max
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.30% set on 01.09.2023
Revert rate
9.94% (VVR + 2.64%)
5 year fixed
Available for both purchase and remortgages
A minimum term of 6 years is required
| LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|
| 75% | Packager | 7.59% | £995 | £2m |
Fees
Assessment Fees:
A non-refundable £180 is payable on all applications
£995 product fee can be added to loan above max LTV
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
5%, 4%, 3%, 3% 3%
Vida Variable rate (VVR)
7.30% set on 01.09.2023
Revert rate
9.94% (VVR + 2.64%)
Packager Exclusive Tier - Buy to Let Products
2 year fixed
Standard range - 2 year fixed rate
Available for both purchase and remortgages
| Product | Type | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|---|
| 2 year fixed | Standard | 65% | Packager | 7.24% | 2% | £1m |
| Standard | 75% | Packager | 7.49% | |||
| HMO/MUB | 65% | Packager | 7.39% | |||
| HMO/MUB | 75% | Pacakger | 7.49% |
Fees
Assessment Fees:
A non-refundable £180 is payable on all applications
Product fees can be added to loan above max LTV except 85%
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
4%, 3%
Vida Variable rate (VVR)
7.30% set on 01.09.2023
Revert rate
10.14% (VVR + 2.84%)
5 year fixed
Standard range - 5 year fixed rate
Available for both purchase and remortgages
A minimum term of 6 years is required.
| Product | Type | LTV | Tier | Initial rate | Fee | Max loan |
|---|---|---|---|---|---|---|
| 5 year fixed | Standard | 65% | Packager | 6.69% | 2% | £1m |
| Standard | 75% | Packager | 6.74% | |||
| HMO/MUB | 65% | Packager | 6.84% | |||
| HMO/MUB | 75% | Pacakger | 6.89% |
Fees
Assessment Fees:
A non-refundable £180 is payable on all applications
Product fees can be added to loan above max LTV except 85%
Standard valuation fees apply
Additional information
Minimum loan £50k
ERCs
5%, 4%, 3%, 3%, 3%
Vida Variable rate (VVR)
7.30% set on 01.09.2023
Revert rate
10.14% (VVR + 2.84%)
Download your Packager Product Guides
π Residential Product Guide
Updated April 9th 2024
π Buy to Let Product Guide
Updated April 9th 2024
Your Packager Exclusive Tier
See where your customer fits within our new Vida tiers.
| Criteria | VIDA 36 | VIDA 24 | VIDA 6 | Packager Tier |
|---|---|---|---|---|
| Months since last default | 0 in 36 | 0 in 24 | 0 in 6 | Refer if <6 months |
| Months since last CCJ | 0 in 36 | 0 in 24 | 0 in 6 | Refer if <6 months |
| Worst status Secured Payments* (months) | 0 in last 36 | 3 in last 24 | Refer (no limit) | |
| Combined value of missed unsecured payments in the last 6 months** | £250 | £500 | Refer (no limit) | |
| Bankruptcy / IVA / DRO / Trust Deed | 3 years + | 1 year + | ||
| Previous repossessions | 6 years + | 3 years + | ||
Vida 36 Months since last default 0 in 36 Months since last CCJ 0 in 36 Worst Status Secured Payments* (months) 0 in last 36 Combined value of missed unsecured payments in the last 6 months** £250 Bankruptcy / IVA / DRO / Trust Deed 3 years + Previous repossessions 6 years + VIDA 24 Months since last default 0 in 24 Months since last CCJ 0 in 24 Worst Status Secured Payments* (months) 3 in last 24 Combined value of missed unsecured payments in the last 6 months** £500 Bankruptcy / IVA / DRO / Trust Deed 3 years + Previous repossessions 6 years + Vida 6 Months since last default 0 in 6 Months since last CCJ 0 in 6 Worst Status Secured Payments* (months) 3 in last 24 Combined value of missed unsecured payments in the last 6 months** £500 Bankruptcy / IVA / DRO / Trust Deed 3 years + Previous repossessions 6 years + Worst Status Secured Payments* (months) 3 in 24 Packager Exclusive Tier Months since last default Refer if < 6 months Months since last CCJ Refer if < 6 months Worst Status Secured Payments* (months) Refer if (no max) Combined value of missed unsecured payments in the last 6 months** Refer if (no max) Bankruptcy / IVA / DRO / Trust Deed 1 year + Previous repossessions 3 years +
*All historic secured arrears must have been made up to date for at least 6 months prior to application
**Telecom and Utility missed payments ignored when assessing adverse tier
Debt Management Plan/Debt Arrangement Schemes may be considered
at Underwriter discretion - subject to satisfactory affordability and conduct checks.
Useful downloads, guides & links
