Why Landlords with Smaller Deposits?

Since 2008 most buy to let lenders have typically asked landlords to provide a deposit of at least 25 per cent on each property. That acts as a larger buffer in the case of any future property price deflation. However, many portfolio landlords wish to expand their portfolios by taking a small amount of equity from one property to invest in buying the next. They also spread risk across multiple properties by splitting capital into small deposits. Vida will lend up to 85% LTV meaning that your customer only needs to find 15% deposit.

Who is this product for?

  • Landlords who don’t have a large deposit available to purchase their first or next Buy to Let property.

Key Lending Criteria

  • 85% LTV available for loans up to £250,000 where the property is outside the M25.
  • Rental assessment at 125% for BRT payers with a single occupancy property, 140% for HRT payer. From 130% for HMO & MUBs
  • Rental Top Slicing available from 115% (not available for 85% LTV lending or HMO/MUBs)
  • No Minimum income
  • 40 year term available
  • All property types considered
  • Applicants can have historical impaired credit or life event