Self-employment has increased significantly since 2008 - now up to around 5 million of the UK workforce. But this growing population is finding it more and more difficult to get a mortgage because of irregular income patterns, especially during 2020.

As a classic specialist segment and fast growing sector, this is only likely to be boosted further by a pandemic that enables people to re-evaluate their options.

Specialist lenders like Vida assess each individual on their own merits using experienced underwriters rather than the ‘computer says no’ approach often associated with mainstream lenders.

DOWNLOAD SELF EMPLOYED GUIDE

As the impact of COVID-19 continues across the UK, we understand the uncertainty it causes for many people. Please read this supplementary guide for some additional information we may require in the current circumstances.

We’ve answered the questions we have already been asked by intermediaries but if your question isn’t there – or our answer to your question results in another one – please get in touch and we will be very happy to help. The good news is that, despite the significant change in the economic environment, Vida has kept virtually all of its flexible lending criteria and is still committed to lending to customers who are under-served by mainstream lenders.

Let’s work together to help your customers respond to the financial complexity that we all face right now.

DOWNLOAD THE COVID-19 LENDING GUIDE

Once an application is submitted, we provide a list of what documents we need to support their application, in order for us to make an early lending decision so that you know as early as possible whether Vida will be able to lend to your customer. To help you understand which documents we will need to see and why, we have created some key guides and documentation for you for submitting and application with Vida.

DOWNLOAD MANDATORY DOCUMENTS INTERMEDIARY GUIDE

Once an application is submitted, we provide a list of what documents we need to support their application, in order for us to make an early lending decision so that you know as early as possible whether Vida will be able to lend to your customer. To help you understand which documents we will need to see and why, we have created some key guides and documentation for you for submitting and application with Vida.

DOWNLOAD BUY TO LET APPLICATION CHECKLIST

Once an application is submitted, we provide a list of what documents we need to support their application, in order for us to make an early lending decision so that you know as early as possible whether Vida will be able to lend to your customer. To help you understand which documents we will need to see and why, we have created some key guides and documentation for you for submitting and application with Vida.

DOWNLOAD RESIDENTIAL APPLICATION CHECKLIST

Vida Flex is the buy to let mortgage for budding investors (including first-timers) and professional landlords. Available as a 5 year fixed rate of 3.84% , with a revert rate of 5.19% (variable) (VVR + 3.04%) the product has a fee of 1.75%.

The 3 year early repayment charge (ERC) period gives investment flexibility to landlords – they can sell or refinance after 3 years without charge, rather than wait 5 years. It has the added convenience of being able to stay with the same lender for the full 5 years or taking a retention product after 3 years to stay even longer.

DOWNLOAD THE FLEX GUIDE