The events of 2020 have been challenging for all of us and continue to be so. Here at Vida we have taken the opportunity to stand back from the market for a moment, invest in our people and technology and come back with a better proposition that helps more people with a wider range of needs.  We are committed to changing mortgages for good.

At the heart of our fresh approach is our new innovation laboratory, V-Lab, an in-house R&D centre that is focused on solving the key challenges facing the mortgage industry. With experienced mortgage intermediaries advising Vida at the heart of the facility, V-Lab is transforming the way that we approach innovation and change, combining technology, data and human expertise to deliver new ideas and solutions to improve the mortgage journey.

 The first new product release from the V-Lab is designed to offer competitive rates and relevant, easy to understand criteria, backed by a new service proposition with less keying, significant reduction in documentation, faster processing and much better communication. Introducing Vida Flex……

Vida Flex

Intermediaries have been asking us for a buy to let product that combines the security and affordability of a 5 year fixed rate with the flexibility of being able to remortgage before the end of the 5 year period without incurring early repayment charges.

Vida Flex is the buy to let mortgage for budding investors (including first-timers) and professional landlords. Available as a 5 year fixed rate of 3.84% , with a revert rate of 5.19% (variable) (VVR + 3.04%) the product has a fee of 1.75%.

The 3 year early repayment charge (ERC) period gives investment flexibility to landlords – they can sell or refinance after 3 years without charge, rather than wait 5 years. It has the added convenience of being able to stay with the same lender for the full 5 years or taking a retention product after 3 years to stay even longer.

That’s Vida Flex – affordable, certain, flexible.

DOWNLOAD FLEX GUIDE