Introducing our Holiday Let range

We've whipped up a brand-new Holiday Buy to Let range of mortgages, available for both purchase and remortgage, up to 80% LTV.

  • Cashback options of £300
  • AVMs used
  • Large acreage allowance, up to 5 acres
  • AirBnB or similar property letting platforms considered
  • Maximum LTV of 80%
  • Expats considered
Go to our Holiday Let products
Read the news article Go to Buy to Let Products
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Vida's new Holiday Let range is backed by the Vida Service Pledge: if service falls short, we’ll pay your customer £195

 

Get the scoop on Holiday Lets

We've whipped up a brand-new Holiday Buy to Let range of mortgages. Here's everything you need to know about our new range

Key information

  • Maximum LTV is 80%. Product fees can be added to the loan above the LTV limit
  • Personal use of the property is permitted up to 90 days per calendar year
  • Air BnB or similar property holiday letting platforms are permitted
  • At least 1 applicant must have owned their residential or a BTL property for a minimum of 6 months
  • Maximum of 6 bedrooms
  • Maximum of 4 Holiday BTLs with Vida
  • New and existing Holiday lets considered
  • HMOs, MUBs, Bed and Breakfasts, hotels and properties within holiday parks are not acceptable
  • Expatriates are acceptable subject to standard expatriate criteria
  • There should be no title restrictions on sub-letting
  • Maximum of 31 days for any single let to an individual

Holiday Lets: Additional information

Standard BTL ICRs apply, with a 1% stress added to the pay rate for 5-year fixed products and all £ for £ Remortgages.

Interest coverage ratio (ICR) is 125% for SPVs

ICR for individual applicants where all applicants are Basic Rate Taxpayers is 125%, Higher Rate Taxpayers is 145% and a mix of basic and higher rate tax payers is 135%

2 year fixed products: assessed on initial rate + 2%, or a nominal rate of 5.5%, whichever is higher

5 year fixed products: assessed on initial rate + 1%

Remortgage applications with no additional borrowing: assessed on initial rate + 1%

Rental income will be based on the average of the low, medium and high season rents and must be confirmed by a reputable holiday letting agent

Rental income will be based on a 30-week period, unless confirmation from the letting agent indicates a lower level of demand

Download our Criteria Guide Download our BTL Product Guide

Why Vida?

Flexible criteria

From Portfolio landlords to Expats to HMOs — We’ve Got BTL Covered. Search our BTL criteria

Enhanced affordability

Check BTL affordability instantly — no login, no DIP. Try our BTL Affordability Calculator

Intermediary support

Get direct access to the Underwriter handling your case through the V-Hub.

Service Excellence

Service excellence or we'll refund the administration fee. Our Service Pledge is as simple as that.

Got what you need?


Got questions? We’ve got answers—clear, quick, and straight to the point.

Call the V-Hub on 03300 246 246 and speak to our experienced team:

  • Monday: 9am – 5pm
  • Tuesday: 9am – 5pm
  • Wednesday: 9am – 5pm
  • Thursday: 9am – 5pm
  • Friday: 10am - 5pm

Already have everything you need? You can login to the Broker Portal to start a new mortgage application or head over to our Product Switch Hub to switch an existing customer to a new deal.

Login to our Broker Portal Visit the Product Switch Hub

You can always ask Mobi.

Mobi is your always-on digital assistant, designed specifically for brokers. Mobi delivers instant, helpful answers to your questions about Vida’s lending criteria, product range, and more when you need them.