SECOND CHARGE BUY TO LET MORTGAGE CUSTOMERS

One size definitely doesn't fit all when it comes to your client's mortgage needs, so our products and service have been designed to be more flexible than many mainstream lenders.Here are a few of the types of customer we specialise in at Vida Homeloans.

IMPAIRED CREDIT HISTORY

Description

Previous life events - e.g divorce, business failure, bereavement - leading to arrears, CCJs, defaults, debt management or bankruptcy

Key Selling Points

Small or life events allowable

Up to 2 CCJs & 2 missed mortgage payments allowed up to 70% LTV

INTEREST ONLY

Description

For the client who wants to interest only due to tie up of investments/property, or keeping costs low. Future downsizing may be a retirement option

Key Selling Points

Max 60% LTV interest only on Vida 1 & Vida 2

Maximum Loan £100k

Allows own investment or downsizing

RENTAL CALCULATION

Description

Investors with properties with slightly lowers rental income, likely to be looking for capital appreciation at a competitive rental assessment

Key Selling Points

125% rental for base rate

140% higher rate

130% HMO/MUB basic rate

140% HMO/MUB higher rate