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Premier Packager Club

An exclusive service with genuine partnerships and a unique proposition - welcome to the Premier Packager Club!

Human score    Trustpilot Stars    number of reviews    Trustpilot Logo

 

You deserve the best! That’s why we have launched the Vida Premier Packager Club, to provide you with everything you want, and deserve from a Specialist Lender!

The Premier Packager Club gives you access to our dedicated Packager Support Team within the V-Hub.

Just call 03300 246 246 and select Option 6 to get straight through to them.

 

More about the Premier Packager Club - jump to a section:

〉Your Packager Products
〉Packager Exclusive credit tier explained
〉Our Packager partners
〉Useful downloads, guides & links

 

Your Packager products

Our Premier Packager Club members get access to a range of exclusive products, helping you
to help more customers get life moving.

 

 

 

 

Packager Exclusive Tier - Buy to Let Products

 

 

2 year fixed

Standard range - 2 year fixed rate

Available for both purchase and remortgages

ProductTypeLTVTierInitial rateFeeMax loan
2 year fixedStandard65%Packager7.24%2%£1m
Standard75%Packager7.49%
HMO/MUB65%Packager7.39%
HMO/MUB75%Pacakger 7.49%

 

Fees

Assessment Fees:

A non-refundable £180 is payable on all applications

Product fees can be added to loan above max LTV except 85%

Standard valuation fees apply

Additional information

Minimum loan £50k

ERCs

4%, 3%

Vida Variable rate (VVR)

7.30% set on 01.09.2023

Revert rate

10.14% (VVR + 2.84%)

5 year fixed

Standard range - 5 year fixed rate

Available for both purchase and remortgages

A minimum term of 6 years is required.

ProductTypeLTVTierInitial rateFeeMax loan
5 year fixedStandard65%Packager6.69%2%£1m
Standard75%Packager6.74%
HMO/MUB65%Packager6.84%
HMO/MUB75%Pacakger 6.89%

 

Fees

Assessment Fees:

A non-refundable £180 is payable on all applications

Product fees can be added to loan above max LTV except 85%

Standard valuation fees apply

Additional information

Minimum loan £50k

ERCs


5%, 4%, 3%, 3%, 3%

Vida Variable rate (VVR)

7.30% set on 01.09.2023

Revert rate

10.14% (VVR + 2.84%)

 

 

Download your Packager Product Guides & Exclusives

πŸ—Ž Residential Packager Guide
Updated February 20th 2024

πŸ—Ž Buy to Let Packager Guide
Updated February 20th 2024

 

 

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Your Packager Exclusive Tier

See where your customer fits within our new Vida tiers.

CriteriaVIDA 36VIDA 24VIDA 6Packager Exclusive Tier
Months since last default0 in 360 in 240 in 6Refer if <6 months
Months since last CCJ0 in 360 in 240 in 6Refer if <6 months
Worst status Secured Payments* (months)0 in last 363 in last 24Refer (no limit)
Combined value of missed unsecured payments in the last 6 months**£250£500Refer (no limit)
Bankruptcy / IVA / DRO / Trust Deed3 years +1 year +
Previous repossessions6 years +3 years +
  • Vida 36
    Months since last default0 in 36
    Months since last CCJ0 in 36
    Worst Status Secured Payments* (months) 0 in last 36
    Combined value of missed unsecured payments in the last 6 months**£250
    Bankruptcy / IVA / DRO / Trust Deed3 years +
    Previous repossessions6 years +
  • VIDA 24
    Months since last default 0 in 24
    Months since last CCJ 0 in 24
    Worst Status Secured Payments* (months) 3 in last 24
    Combined value of missed unsecured payments in the last 6 months** £500
    Bankruptcy / IVA / DRO / Trust Deed3 years +
    Previous repossessions6 years +
  • Vida 6
    Months since last default0 in 6
    Months since last CCJ0 in 6
    Worst Status Secured Payments* (months) 3 in last 24
    Combined value of missed unsecured payments in the last 6 months**£500
    Bankruptcy / IVA / DRO / Trust Deed3 years +
    Previous repossessions6 years +
    Worst Status Secured Payments* (months) 3 in 24
  • Packager Exclusive Tier
    Months since last defaultRefer if < 6 months
    Months since last CCJRefer if < 6 months
    Worst Status Secured Payments* (months) Refer if (no max)
    Combined value of missed unsecured payments in the last 6 months**Refer if (no max)
    Bankruptcy / IVA / DRO / Trust Deed1 year +
    Previous repossessions3 years +

*All historic secured arrears must have been made up to date for at least 6 months prior to application
**Telecom and Utility missed payments ignored when assessing adverse tier
Debt Management Plan/Debt Arrangement Schemes may be considered at Underwriter discretion - subject to satisfactory affordability and conduct checks.

 

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Our Packager Partners

 

 

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Useful downloads, guides & links

 

 

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Milo Criteria Chatbot Offline Hi I'm Vida's Criteria Chatbot
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Please email your enquiry to askmilo@vidahomeloans.co.uk
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