Vida Homeloans expands Foreign National criteria across all Buy to Let products

Vida Homeloans has strengthened its support for overseas borrowers by extending its Foreign National policy across the entire Buy to Let (BTL) range. The move forms part of Vida’s ongoing commitment to widening access to homeownership and investment opportunities for underserved borrowers.

The enhanced policy significantly broadens eligibility for BTL applicants, particularly those with mixed residency statuses or without Indefinite Leave to Remain, providing brokers with greater clarity and flexibility when placing complex cases.

Key Foreign National Criteria Enhancements for BTL

Mixed status applicants now accepted
Where one applicant has an indefinite right to live and work in the UK and the other applicant(s) holds a non permanent but acceptable visa type—and have lived in the UK for a minimum of 12 months—applications can now proceed under standard policy up to scheme limits.

Expanded acceptance of Foreign Nationals without Indefinite Leave to Remain
Vida will now consider lending to BTL applicants who do not hold Indefinite Leave to Remain, provided they have a visa included on Vida’s approved list.

Reduced UK residency requirement
The latest minimum continuous UK residency period for BTL applicants has been reduced from 24 months to 12 months, opening the door to more recently settled borrowers.

Ross Williams, Head of Mortgage Product Management at Vida, said: “These changes build on the improvements we introduced for Residential Foreign National borrowers last year, and we’re pleased to extend this level of support to BTL customers. By allowing mixed status applicants to apply under standard policy, and by widening eligibility to include Foreign Nationals without Indefinite Leave to Remain when they hold one of our approved visa types, we’re giving brokers the confidence, flexibility, and certainty they need to place more complex cases with Vida.”