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Residential Products

Introducing our Residential product range effective from 11 May 2022

  • New Lending Tiers - simplified and more flexible criteria
  • Up to 90% LTV
  • Fee Saver - One free valuation, £0 product fee and £500 contribution towards legal costs
  • Key Worker range with up to 5.5x Loan to Income
  • 5 year flex range with just 3 years ERC
  • Complex incomes and low credit scores
  • Flexible on property types
Residential Product Guide
Updated May 11th 2022

 

Criteria Guide
Updated May 11th 2022

 

 

Customer Credit Profile

See where your customer fits within our Vida tiers.

CriteriaVIDA 48VIDA 36VIDA 24VIDA 12VIDA 6
Registered Defaults (months)0 in 480 in 360 in 240 in 120 in 6
Registered CCJs (months)0 in 720 in 360 in 240 in 120 in 6
Value of unsatisfied CCJs£0£0£1,000£2,500£5,000
Missed Mortgage/Secured Payments (months)0 in 360 in 360 in 120 in 120 in 6
Unsecured Arrears (last 6 months)01223
Unsecured Missed Payments in the last 6 months Combined Value£0£500£500£500£500
Worst Status Secured Payments* (months) 0 in 363 in 243 in 243 in 243 in 24
  • Vida 48
    Registered Defaults (months)0 in 48
    Registered CCJs (months)0 in 72
    Value of unsatisfied CCJs£0
    Missed Mortgage/Secured Payments (months)0 in 36
    Unsecured Arrears0
    Unsecured Missed Payments in the last 6 months Combined Value£0
    Worst Status Secured Payments* (months) 0 in 36
  • VIDA 36
    Registered Defaults (months) 0 in 36
    Registered CCJs (months) 0 in 36
    Value of unsatisfied CCJs£0
    Missed Mortgage/Secured Payments (months) 0 in 36
    Unsecured Arrears1
    Unsecured Missed Payments in the last 6 months Combined Value£500
    Worst Status Secured Payments* (months) 3 in 24
  • Vida 24
    Registered Defaults (months)0 in 24
    Registered CCJs (months)0 in 24
    Value of unsatisfied CCJs£1,000
    Missed Mortgage/Secured Payments (months)0 in 12
    Unsecured Arrears2
    Unsecured Missed Payments in the last 6 months Combined Value£500
    Worst Status Secured Payments* (months) 3 in 24
  • VIDA 12
    Registered Defaults (months) 0 in 12
    Registered CCJs (months) 0 in 12
    Value of unsatisfied CCJs£2,500
    Missed Mortgage/Secured Payments (months) 0 in 12
    Unsecured Arrears2
    Unsecured Missed Payments in the last 6 months Combined Value£500
    Worst Status Secured Payments* (months) 3 in 24
  • VIDA 6
    Registered Defaults (months) 0 in 6
    Registered CCJs (months) 0 in 6
    Value of unsatisfied CCJs£5,000
    Missed Mortgage/Secured Payments (months) 0 in 6
    Unsecured Arrears3
    Unsecured Missed Payments in the last 6 months Combined Value£500
    Worst Status Secured Payments* (months) 3 in 24

*All historic secured arrears must have been paid up to date for at least 6 months prior to application
Debt Management Plan/Debt Arrangement Schemes may be considered at Underwriter discretion - subject to satisfactory affordability and conduct checks.
Bankruptcy/IVA/DRO/Trust Deed discharged over 6 years.
Previous Repossession in last 6 years not acceptable

 


Standard Range | 2 and 5 year terms

For applicants looking to purchase or remortgage their property

Up to 90% LTV

First Time Buyers welcomed

 

Fee Saver range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year 65%3.99%Fee Saver£0£2m
70%4.09%Fee Saver£0£2m
75%4.19%Fee Saver£0£2m
80%4.24%Fee Saver£0£1m
85%4.39%Fee Saver£0£1m
90%4.69%Fee Saver£0£600k
5 year65%4.04%Fee Saver£0£2m
70%
4.09%Fee Saver£0£2m
75%4.14%Fee Saver£0£2m
80%4.29%Fee Saver£0£1m
85%4.59%Fee Saver£0£1m
90%4.94%Fee Saver£0£600k

 

Flex range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
5 year70%4.09%Flex£1,495£2m
75%4.19%Flex£1,495£2m
80%4.29%Flex£1,495£1m

 

Large Loan range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year75%3.99%Large Loan£1,995£2m
85%4.19%Large Loan£1,995£1m
5 year75%4.04%Large Loan£1,995£2m
85%4.24%Large Loan£1,995£1m

 

Assessment fee:

No assessment fees are payable on any residential products.

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion

Flex

£1,495 product fee can be added to loan

Standard valuation fees apply


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%
• 5 Year Flex 5%, 5%, 5%

Vida Variable Rate (VVR) 2.80% set on 30.04.22

Revert rate 5.64% (VVR +2.84%)


Fees:

Large Loan

£1,995 product fee

Minimum loan size £500k

Standard valuation fee payable

£500 contribution towards legal fees paid within 30 days of completion

 

 

Fee Saver range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%4.04%Fee Saver£0£2m
70%4.14%Fee Saver£0£2m
75%4.29%Fee Saver£0£2m
80%4.39%Fee Saver£0£1m
85%4.44%Fee Saver£0£1m
90%5.24%Fee Saver£0£600k
5 year 65%4.09%Fee Saver£0£2m
70%
4.14%Fee Saver£0£2m
75%4.19%Fee Saver£0£2m
80%4.59%Fee Saver£0£1m
85%4.64%Fee Saver£0£1m
90%5.44%Fee Saver£0£600k

 

Flex range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
5 year70%4.19%Flex£1,495£2m
75%4.29%Flex£1,495£2m
80%4.79%Flex£1,495£1m

 

Large Loan range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year75%4.09%Large Loan£0£2m
85%4.29%Large Loan£0£1m
5 year75%4.09%Large Loan£0£2m
85%4.49%Large Loan£0£1m

 

Assessment fee:

No assessment fees are payable on any residential products.

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion

Flex

£1,495 product fee can be added to loan

Standard valuation fees apply


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%
• 5 Year Flex 5%, 5%, 5%

Vida Variable Rate (VVR) 2.80% set on 30.04.22

Revert rate 5.64% (VVR +2.84%)


Fees:

Large Loan

£1,995 product fee

Minimum loan size £500k

Standard valuation fee payable

£500 contribution towards legal fees paid within 30 days of completion

 

 

Fee Saver range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%4.09%Fee Saver£0£2m
70%4.34%Fee Saver£0£2m
75%4.39%Fee Saver£0£2m
80%4.44%Fee Saver£0£1m
85%4.49%Fee Saver£0£1m
90%5.54%Fee Saver£0£600k
5 year 65%4.14%Fee Saver£0£2m
70%
4.19%Fee Saver£0£2m
75%4.24%Fee Saver£0£2m
80%4.84%Fee Saver£0£1m
85%5.19%Fee Saver£0£1m
90%5.74%Fee Saver£0£600k

 

Flex range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
5 year70%4.39%Flex£1,495£2m
75%4.49%Flex£1,495£2m
80%5.39%Flex£1,495£1m

 

Large Loan range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year75%4.19%Large Loan£0£2m
85%4.34%Large Loan£0£1m
5 year75%4.14%Large Loan£0£2m
85%4.79%Large Loan£0£1m

 

Assessment fee:

No assessment fees are payable on any residential products.

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion

Flex

£1,495 product fee can be added to loan

Standard valuation fees apply


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%
• 5 Year Flex 5%, 5%, 5%

Vida Variable Rate (VVR) 2.80% set on 30.04.22

Revert rate 5.64% (VVR +2.84%)


Fees:

Large Loan

£1,995 product fee

Minimum loan size £500k

Standard valuation fee payable

£500 contribution towards legal fees paid within 30 days of completion

 

 

Fee Saver range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%4.39%Fee Saver£0£2m
70%4.44%Fee Saver£0£2m
75%4.69%Fee Saver£0£2m
80%5.34%Fee Saver£0£1m
85%5.54%Fee Saver£0£1m
90%5.74%Fee Saver£0£600k
5 year 65%4.64%Fee Saver£0£2m
70%
4.69%Fee Saver£0£2m
75%4.74%Fee Saver£0£2m
80%5.39%Fee Saver£0£1m
85%5.94%Fee Saver£0£1m
90%6.04%Fee Saver£0£600k

 

Flex range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
5 year70%4.79%Flex£1,495£2m
75%4.89%Flex£1,495£2m
80%6.19%Flex£1,495£1m

Assessment fee:

No assessment fees are payable on any residential products.

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion

Flex

£1,495 product fee can be added to loan

Standard valuation fees apply


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%
• 5 Year Flex 5%, 5%, 5%

Vida Variable Rate (VVR) 2.80% set on 30.04.22

Revert rate 5.64% (VVR +2.84%)


Fees:

Large Loan

£1,995 product fee

Minimum loan size £500k

Standard valuation fee payable

£500 contribution towards legal fees paid within 30 days of completion

 

Fee Saver range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%4.99%Fee Saver£0£2m
70%5.04%Fee Saver£0£2m
75%5.39%Fee Saver£0£2m
80%5.44%Fee Saver£0£1m
85%5.64%Fee Saver£0£1m
5 year 65%4.79%Fee Saver£0£2m
70%
5.44%Fee Saver£0£2m
75%5.54%Fee Saver£0£2m
80%5.89%Fee Saver£0£1m
85%6.14%Fee Saver£0£1m

 

Flex range

Available for both purchase and remortgages

ProductLTVInitial rateTypeProduct feeMax loan
5 year70%5.39%Flex£1,495£2m
75%5.49%Flex£1,495£2m
80%6.79%Flex£1,495£1m

 

Assessment fee:

No assessment fees are payable on any residential products.

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion

Flex

£1,495 product fee can be added to loan

Standard valuation fees apply


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%
• 5 Year Flex 5%, 5%, 5%

Vida Variable Rate (VVR) 2.80% set on 30.04.22

Revert rate 5.64% (VVR +2.84%)


Fees:

Large Loan

£1,995 product fee

Minimum loan size £500k

Standard valuation fee payable

£500 contribution towards legal fees paid within 30 days of completion

 


Key Worker Range | 2 and 5 year terms

Up to 90% LTV and available on tiers 48 to 24

Up to 5.5x Loan to Income

Initial rates discounted compared to our Standard range

Available to those employed in essential public sector roles: Armed Forces Personnel (Army, Navy, RAF), Firefighters and Police Officers, NHS Clinicians (including Nurses and Paramedics), Teachers and Lecturers in the public sector.

Key Worker Guide

 

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%3.99%Key Worker Fee Saver£0£2m
70%4.04%Key Worker Fee Saver£0£2m
75%4.14%Key Worker Fee Saver£0£2m
80%4.19%Key Worker Fee Saver£0£1m
85%4.34%Key Worker Fee Saver£0£1m
90%4.64%Key Worker Fee Saver£0£600k
5 year65%3.99%Key Worker Fee Saver£0£2m
70%
4.04%Key Worker Fee Saver£0£2m
75%4.09%Key Worker Fee Saver£0£2m
80%4.24%Key Worker Fee Saver£0£1m
85%4.54%Key Worker Fee Saver£0£1m
90%4.89%Key Worker Fee Saver£0£600k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate (VVR) 2.80% set on 30.04.22

Revert rate 5.64% (VVR +2.84%)

 

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%4.04%Key Worker Fee Saver£0£2m
70%4.09%Key Worker Fee Saver£0£2m
75%4.24%Key Worker Fee Saver£0£2m
80%4.34%Key Worker Fee Saver£0£1m
85%4.39%Key Worker Fee Saver£0£1m
90%5.19%Key Worker Fee Saver£0£600k
5 year65%4.04%Key Worker Fee Saver£0£2m
70%
4.09%Key Worker Fee Saver£0£2m
75%4.14%Key Worker Fee Saver£0£2m
80%4.54%Key Worker Fee Saver£0£1m
85%4.59%Key Worker Fee Saver£0£1m
90%5.39%Key Worker Fee Saver£0£600k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate (VVR) 2.80% set on 30.03.22

Revert rate 5.64% (VVR +2.84%)

 

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 year65%4.09%Key Worker Fee Saver£0£2m
70%4.29%Key Worker Fee Saver£0£2m
75%4.34%Key Worker Fee Saver£0£2m
80%4.39%Key Worker Fee Saver£0£1m
85%4.44%Key Worker Fee Saver£0£1m
90%5.49%Key Worker Fee Saver£0£600k
5 year65%4.09%Key Worker Fee Saver£0£2m
70%
4.14%Key Worker Fee Saver£0£2m
75%4.19%Key Worker Fee Saver£0£2m
80%4.79%Key Worker Fee Saver£0£1m
85%5.14%Key Worker Fee Saver£0£1m
90%5.69%Key Worker Fee Saver£0£600k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Fee Saver

• One free valuation for properties valued up to £1m
• £0 product fee
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate (VVR) 2.80% set on 30.03.22

Revert rate 5.64% (VVR +2.84%)

 


Help to Buy | 2 and 5 year terms

Purchase applications on the HTB England, London and Wales schemes

One free valuation for all qualifying properties

A £500 contribution towards legal costs paid within 30 days of completion

£995 Product Fee which can be added to the loan

 

ProductLTVInitial rateProduct feeMax loan
2 year fixed75%4.19%£995£450k
5 year fixed75%4.24%£995£450k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Product features

• One free valuation for all qualifying properties
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate
2.80% set on 30.04.22

Revert rate
5.64% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 year fixed75%4.24%£995£450k
5 year fixed75%4.34%£995£450k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Product Features

• One free valuation for all qualifying properties
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate
2.80% set on 30.04.22

Revert rate
5.64% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 year fixed75%4.34%£995£450k
5 year fixed75%4.44%£995£450k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Product features

• One free valuation for all qualifying properties
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate
2.80% set on 30.04.22

Revert rate
5.64% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 year fixed75%4.84%£995£450k
5 year fixed75%4.89%£995£450k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Product features

• One free valuation for all qualifying properties
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate
2.80% set on 30.04.22

Revert rate
5.64% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 year fixed75%4.99%£995£450k
5 year fixed75%5.49%£995£450k

 

Assessment fee:

No assessment fees are payable on
any residential products

 

Product features

• One free valuation for all qualifying properties
• £500 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£75k

ERCs
• 2 Year 4%, 3%
• 5 Year 5%, 4%, 3%, 3%, 3%

Vida Variable Rate
2.80% set on 01.04.22

Revert rate
5.64% (VVR +2.84%)

 

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