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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
Customer Credit Profile
See where your customer fits within our Vida tiers.
Criteria | VIDA 48 | VIDA 36 | VIDA 24 | VIDA 12 | VIDA 6 |
---|---|---|---|---|---|
Registered Defaults (months) | 0 in 48 | 0 in 36 | 0 in 24 | 0 in 12 | 0 in 6 |
Registered CCJs (months) | 0 in 72 | 0 in 36 | 0 in 24 | 0 in 12 | 0 in 6 |
Value of unsatisfied CCJs | £0 | £0 | £1,000 | £2,500 | £5,000 |
Missed Mortgage/Secured Payments (months) | 0 in 36 | 0 in 36 | 0 in 12 | 0 in 12 | 0 in 6 |
Unsecured Arrears (last 6 months) | 0 | 1 | 2 | 2 | 3 |
Unsecured Missed Payments in the last 6 months Combined Value | £0 | £500 | £500 | £500 | £500 |
Worst Status Secured Payments* (months) | 0 in 36 | 3 in 24 | 3 in 24 | 3 in 24 | 3 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 Arrears 0 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 Arrears 1 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 Arrears 2 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 Arrears 2 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 Arrears 3 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
- Useful documents
- Residential Product Guide
- Criteria Guide
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.
- Useful documents
- Residential Product Guide
- Criteria Guide
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
- Useful documents
- Residential Product Guide
- Criteria Guide