Not accepted

Not accepted

Electronic ID is used, but where required we may need the following:

  • Valid UK Passport
  • Valid UK Driving Licence – Photo card (Full or Provisional)
  • Valid Non-UK Passport or National ID Card
  • HM Forces / Police Warrant Card
  • Firearms certificate or shotgun licence - current


  • Utility bill not more than 3 months old (internet statements will be considered)
  • Valid UK Driving Licence – Photo card (Full or Provisional)
  • Bank/Credit Card statements posted to the applicants address showing full name and address
  • Latest Council Tax statement
  • HM Revenue & Customs correspondence – relating to current tax year
  • Latest Mortgage Statement  (internet statements are not accepted)

Standard lending criteria apply to properties up to three acres; providing the customer does not intend to carry out a business from the property and there are no restrictions of the usage of the land including an agricultural occupancy condition being in place.

For properties over three acres, the security can be considered subject to full assessment of the security.

Farms and smallholdings are not acceptable.

Vida Homeloans will require the charge to be registered on the property and all the land; splitting of title to avoid their full registered charge is not acceptable.

England, Wales and Scotland in the following postcodes AB (excluding 42-45, 56), DD, EH (excluding 43-46), G, IV (excluding 4, 13, 19-63), FK, KA (excluding 6, 18, 19, 26-28), KY, ML and PA (excluding 20-80) and PH (excluding 20-42)

A purchase transaction involving a property that was previously sold within the last 6 months is not acceptable, however this does not apply when the property is being purchased from a housebuilder that acquired the property in a part- exchange transaction.

Sale and purchase between an individual’s Limited Co, SPV or trading business and the individual (or related party) themselves will not be considered.

Where the purchase price is less than 90% of the Vida valuation and the borrower is buying a property from a close relative, or a  of at least 12 months is buying from their landlord. The mortgage can be up to 75% of the OMV report and up to 95% of the purchase price with the applicant providing at least a 5% deposit. Where the property is being purchased from a family member at a discounted price they may not continue to reside in the property and must relinquish all rights to the property

Vida Homeloans will consider Buy to let mortgages for purchase and re-mortgage of a residential investment property secured by way of a first legal charge.

Vida Homeloans will not consider a property which is being purchased or re-mortgaged through a Property Investment Club or similar

Lending will be considered under the following categories based on Product Loan To Value (LTV) limits:

  • Private Individuals
  • Corporate - including Limited Companies, Limited Liability Partnerships (LLPs) & Partnerships
  • Limited Company (Special Purpose Vehicle (SPV))
  • Houses in Multiple Occupancy (HMO)/ Multi Unit Freehold Blocks (MUBs)

The following scenarios are accepted:

  • Home improvements or property extension.
  • To extend the lease or purchase the freehold (or share of) title of the property.
  • Matrimonial settlement or to purchase the equity of another party to the mortgage.
  • Payment of university/school fees.
  • Consolidation of existing secured or unsecured loans.
  • Business purposes if this is not supporting an ailing business.

Whilst consideration will be given for other legal purposes, other than the purchase of a Timeshare, Vida must be fully aware of the actual reason for the capital raising.