Next Chapter Lending

Break the habit

Whether it's placing a complex new case or supporting an existing customer approaching the end of their deal, brokers play a critical role in delivering the right outcomes. That's why we're backing advisers with a market-leading 0.7% procuration fee on new business, an enhanced 0.50% fee on Product Transfers, ongoing investment in our criteria, products, Service Pledge and V-Hub support, plus, for a limited time, an extra £250 cashback offer across all our new business products.

If it's been a while since you last considered Vida, there's never been a better time to rediscover what we can do for your clients.

£250 Extra Customer Cashback Across Our Product Range

We're making it easier than ever to put us back on your shortlist, with a growing range of proposition enhancements designed to deliver more value for brokers and better outcomes for customers.

Available until 17th December: every Vida new business mortgage comes with an extra £250 cashback. If the product already includes cashback, we'll add another £250. If it didn't include cashback before, it does now.

 

Increased Procuration Fees

We have further strengthened our intermediary proposition by increasing our Product Transfer procuration fee to 0.50%, alongside our market-leading 0.70% procuration fee on new business.

The enhanced Product Transfer fee recognises the important role brokers play in supporting customers throughout the mortgage journey, while our 0.70% new business fee reflects the additional expertise, time and dedication Intermediaries invest in supporting customers with more complex borrowing needs, helping more people secure a place to call home when they may otherwise have been overlooked or turned away by high street lenders.

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Enhanced Right to Buy Lending

We've increased lending on Right to Buy and Right to Acquire cases to up to 95% LTV, making it easier to support more customers onto the property ladder. We're now offering Right to Buy products across the 75%, 85% and 95% LTV bands.

What else is new?
✔ 90% Purchase at Undervalue - We’ve increased purchases at undervalue to 90% LTV of the open market value.
✔ Increase in accepted universal credit income - From 50% to 75% (excluding the housing allowance), and reduction of income evidencing requirements from 12 months to 3 months.
✔ New 65% LTV Residential Remortgage Only products launched across Vida 36, 24 and 6.
✔ Next Chapter Lending - From first-time buyers in their 40s, to mid-life movers in their 50s, to those remortgaging in retirement to keep their plans on track, our enhanced Later Life Lending proposition is designed to help more people find a place to call home.

Download our Criteria Guide

Excellent service

Break the Habit of Chasing for Answers

Specialist lending is complex enough without spending your day chasing updates. If you're used to voicemails, conflicting messages and waiting for answers, it might be time to break the habit. With direct access to our underwriters through the V-Hub, you can get the answers you need from the people making the decisions, before, during and after application.

And support doesn't stop there. Mobi, our always-on digital assistant, gives instant answers on criteria, products and policy whenever you need them, while our 4.5-star Excellent Trustpilot rating reflects the service brokers experience every day. Because when you're placing specialist cases, certainty and support should come as standard.

Break the habit - get registered with Vida

Registering with us is quick and simple. Click here to complete our simple online registration form.