Vida Homeloans launches new specialist residential mortgage range

Louisa Sedgwick product launch press release

Rates reduced by up to 0.70%

Variable rates from 2.99%. Fixed rates from 3.29%

New Fee Saver range (available on all residential products)

Following its successful launch in 2016 to the UK mortgage market via selected networks, packagers and mortgage brokers, Vida Homeloans has today announced the introduction of its new specialist residential mortgage range, including 2 year variable rates from 2.99%, 2 year fixed rates from 3.29%, 5 year fixed rates from 3.79% and a new Fee Saver range to help intermediaries kick start their business for 2017.

The move highlights the lender's ongoing commitment to intermediaries, providing specialist residential and buy to let lending solutions for underserved segments of the mortgage market.

Vida is launching a new range of Fee Saver products across all its residential products. The range’s main features are as follows:

No product fee

Refund of valuation & assessment fee after completion (up to £650)

Vida Homeloans is working in close collaboration with intermediaries to tailor and refine its proposition. Reflecting changing customer demographics and customer needs, the new lender offers a range of niche 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.

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

“We’ve received a fantastic response from the market since launch and are committed to becoming a significant lender in the specialist sector during 2017.  Our partnerships with brokers and networks are extremely important to us and we are continually listening to their feedback.  They’ve been telling is that a Fee Saver option on our residential product range would be a useful addition to our proposition, especially when combined with the breadth of criteria we offer in the specialist mortgage sector.

“We intend to continue to keep listening to intermediaries and investing in our business to ensure we’re consistently meeting the needs of the market. We look forward to 2017 and the opportunity to build on what has so far been a very encouraging market entry.”