Vida widens Buy to Let Expat criteria

Specialist Residential and BTL mortgage lender

Vida has widened its Buy to Let Expat criteria and now lends to existing UK property owners working in FATF member countries around the world, including Australia, America and Canada ( 

The range is available up to 65% LTV outside the EEA (up to 75% LTV inside the EEA). Maximum loan size is £1 million. First time landlords, Houses in Multiple Occupation and Multi Unit Blocks are all acceptable. In addition, spouses who are non-British citizens can be party to the mortgage and no minimum income is required.

Louisa Sedgwick, Director of Sales – Mortgages, comments “We’ve been offering this extension to our Buy to Let Expat range via selected key distributors over the past couple of months and we are now rolling the proposition out to the wider market in response to demand. Intermediaries have been telling us that our criteria-driven BTL Expat proposition - including niche criteria such as HMOs and MUBs and no minimum income requirements - is hard to beat.”