Vida Homeloans launches new criteria including 90% LTV for FTBs and higher maximum loan amounts on Buy to Let Portfolios


  • Residential: max 90% LTV for FTBs, max loan £1.5m, RTB to 100% DPP

  • BTL: £4m max loan per portfolio, single loan £1.5m

Vida Homeloans, the specialist mortgage lender for intermediaries, has today announced significantly improved criteria which has been developed as a result of broker feedback since its full market launch just over a year ago.

On its specialist residential range, Vida has introduced a new maximum LTV of 90% for first time buyers, 100% Discounted Purchase Price for Right to Buy and a new maximum loan amount of £1.5 million.

On its specialist BTL range, Vida has increased its maximum loan amount to £4 million on portfolios of up to 15 properties. The lender will consider flats above commercial premises, including restaurants and takeaways.

Vida’s new mortgage range comes after a successful first year of trading which saw it attract £2 billion in DIPs, £1 billion in applications and over £400 million in completions.

Louisa Sedgwick, Director of Sales – Mortgages, Vida Homeloans comments:

“Here at Vida Homeloans, we are always listening to feedback from mortgage intermediaries, at the same time as designing products for borrowers who are currently not well-served by high street lenders. These new criteria improvements are clear evidence of our desire to grow our specialist mortgage lending substantially in 2018. Don’t forget that we also support our intermediaries with a full set of online tools to make dealing with Vida easy, including a 10 minute DIP, residential and BTL affordability calculators and a criteria search look-up facility.”