Vida Homeloans Launches Residential Maximum Loan Calculator

Vida Homeloans Max Loan Calculator

Vida Homeloans, the specialist mortgage lender for intermediaries, has today announced the launch of its new online Residential Max Loan Calculator (‘Max’) designed to help intermediaries find the right solution for customers who may not fit the criteria currently demanded by high street lenders. The calculator (www.vidahomeloans.co.uk/intermediaries/calculators/residential-affordability) has been developed after extensive research with Vida’s intermediary partners and is the next step in Vida’s development plan, designed to support intermediaries with the very best technology available in the mortgage market.

Martin Reynolds of SimplyBiz comments

“Vida has built one of the most complex and sophisticated calculators available in the UK mortgage market today. It’s great to be able to work with the customer and product variables and see how Vida’s maximum loan changes accordingly, before then proceeding to their online soft-footprint, on-line DIP and online full mortgage application.”

Guy Batchelor, Sales & Marketing Director, Vida Homeloans adds

“The Max calculator is the latest example of designing our technology around the needs of the intermediary and their customers, just as we have done with our 100% online application process so far. In most cases, Intermediaries can get an online decision in principle in less than 10 minutes and a full mortgage application submitted in less than 15 minutes. Plus auto-email updates keep them fully informed at key stages of the process.”