Vida Homeloans adds free legals to its Fee Saver range

Vida pictureNo product fee, free legals for remortgages, refund of valuation up to £650

Vida has improved its range of Fee Saver products by adding free legals for residential remortgages.  The range now offers the following benefits to borrowers:

  • No product fee (saving up to £1,495)
  • Free legals for remortgages
  • Refund of valuation & assessment fee after completion (up to £650)

A further enhancement to the residential range, also launched today, is an increase of 5% to the maximum LTV on Vida 3, Vida 4, Vida 5 and Vida 6 products (available to borrowers with impaired credit history).  The higher LTV options are also available on the Fee Saver range, for those borrowers looking to minimise their upfront costs.

Vida Homeloans offers a range of specialist mortgage solutions targeted at borrowers who are overlooked by the mainstream lenders, including the recently self-employed, borrowers in or approaching retirement and those with impaired and improving credit profiles. Vida Homeloans also offers a ‘Buy Together’ range of residential mortgages, which enables up to four applicants to purchase a home together up to 85% LTV.

Louisa Sedgwick, Director of Sales - Mortgages at Vida Homeloans comments:

“We’ve received a fantastic response from the market for our residential Fee Saver range and are delighted to be able to enhance it further by adding free legals for remortgage cases with no additional cost to the customer. Our rapid growth in the specialist residential and buy to let mortgage sectors has been based on feedback from brokers, packagers and networks and this response to market demand makes our Fee Saver range even more attractive, particularly when combined with our flexible lending criteria and increased LTVs.”