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Residential Products

Introducing our Residential product range effective from 11 January 2022

  • New Lending Tiers - simplified and more flexible criteria
  • Up to 90% LTV
  • Fee Saver - One free valuation, £0 product fee and £250 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 January 11th 2022

 

Criteria Guide
Updated January 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 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 10 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

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%2.99%Standard£995£1.5m
3.39%Fee saver£0£325k
70%3.09%Standard£995£1.5m
3.49%Fee saver£995£350k
75%3.19%Standard£995£1m
3.59%Fee saver£995£375k
80%3.49%Standard£995£750k
3.69%Fee saver£995£400k
85%3.79%standard£995£500k
4.29%Fee saver£0£425k
90%4.39%Standard£995£400k
4.89%Fee saver£0£400k
5 year fixed65%3.19%Standard£995£1.5m
3.44%Fee Saver£0£325k
70%
3.29%Standard£995£1.5m
3.49%Flex£1,495£1.5m
3.54%Fee Saver£0£350k
75%3.39%Standard£995£1m
3.59%Flex£1,495£1m
3.64%Fee Saver£0£375k
80%3.69%Standard£995£750k
3.69%Flex£1,495£750k
3.74%Fee Saver£0£400k
85%3.99%Standard£995£500k
4.34%Fee Saver£0£425k
90%4.59%Standard£995£400k
4.94%Fee Saver£0£400k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%3.09%Standard£995£1.5m
3.49%Fee saver£0£325k
70%3.19%Standard£995£1.5m
3.59%Fee saver£0£350k
75%3.29%Standard£995£1m
3.69%Fee saver£0£375k
80%3.89%Standard£995£750k
4.19%Fee saver£0£400k
85%4.19%standard£995£500k
5.19%Fee saver£0£425k
90%5.09%Standard£995£400k
5.59%Fee saver£0£400k
5 year fixed65%3.29%Standard£995£1.5m
3.54%Fee Saver£0£325k
70%
3.39%Standard£995£1.5m
3.59%Flex£,1495£1.5m
3.64%Fee Saver£0£350k
75%3.49%Standard£995£1m
3.69%Flex£1,495£1m
3.74%Fee Saver£0£375k
80%4.09%Standard£995£750k
4.19%Flex£1,495£750k
4.24%Fee Saver£0£400k
85%4.39%Standard£995£500k
5.24%Fee Saver£0£425k
90%5.29%Standard£995£400k
5.64%Fee Saver£0£400k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%3.29%Standard£995£1.5m
3.69%Fee saver£0£325k
70%3.39%Standard£995£1.5m
3.79%Fee saver£0£350k
75%3.49%Standard£995£1m
3.89%Fee saver£0£375k
80%4.39%Standard£995£750k
4.79%Fee saver£0£400k
85%4.79%standard£995£500k
5.39%Fee saver£0£425k
5 year fixed65%3.49%Standard£995£1.5m
3.74%Fee Saver£0£325k
70%
3.59%Standard£995£1.5m
3.79%Flex£1,495£1.5m
3.84%Fee Saver£0£350k
75%3.69%Standard£995£1m
3.89%Flex£1,495£1m
3.94%Fee Saver£0£375k
80%4.59%Standard£995£750k
4.79%Flex£1,495£750k
4.84%Fee Saver£0£400k
85%4.99%Standard£995£500k
5.44%Fee Saver£0£425k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert Rate 4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%3.69%Standard£995£1m
4.09%Fee saver£0325k
70%3.79%Standard£995£1m
4.19%Fee saver£0£350k
75%3.89%Standard£995£1m
4.29%Fee saver£0£375k
80%4.79%Standard£995£750k
5.59%Fee saver£0£400k
85%5.59%standard£995£500k
5.79%Fee saver£0£425k
5 year fixed65%3.89%Standard£995£1m
4.14%Fee Saver£0£325k
70%
3.59%Standard£995£1m
4.19%Flex£1,495£1m
4.24%Fee Saver£0£350k
75%4.09%Standard£995£1m
4.29%Flex£1,495£1m
4.34%Fee Saver£0£375k
80%4.99%Standard£995£750k
5.59%Flex£1,495£750k
5.64%Fee Saver£0£400k
85%5.79%Standard£995£500k
5.84%Fee Saver£0£425k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (VVR +2.84%)

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%4.29%Standard£995£500k
4.69%Fee saver£0£325k
70%4.39%Standard£995£500k
4.79%Fee saver£0£350k
75%4.49%Standard£995£500k
4.89%Fee saver£0£375k
80%5.39%Standard£995£500k
6.19%Fee saver£0£400k
5 year fixed65%4.49%Standard£995£500k
4.74%Fee Saver£0£325k
70%
4.59%Standard£995£500k
4.79%Flex£1,495£500k
4.84%Fee Saver£0£350k
75%4.69%Standard£995£500k
4.89%Flex£1,495£500k
4.94%Fee Saver£0£375k
80%5.59%Standard£995£500k
6.19%Flex£1,495£500k
6.24%Fee Saver£0£400k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (VVR +2.84%)

 


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.

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%2.94%Key Worker Standard£995£1.5m
3.34%Key Worker Fee Saver£0£325k
70%3.04%Key Worker Standard£995£1.5m
3.44%Key Worker Fee Saver£0£350k
75%3.14%Key Worker Standard£995£1m
3.54%Key Worker Fee Saver£0£375k
80%3.24%Key Worker Standard£995£750k
3.64%Key Worker Fee Saver£0£400k
85%3.84%Key Worker Standard£995£500k
4.24%Key Worker Fee Saver£0£425k
90%4.44%Key Worker Standard£995£400k
4.84%Key Worker Fee Saver£0£400k
5 year fixed65%3.14%Key Worker Standard£995£1.5m
3.39%Key Worker Fee Saver£0£325k
70%
3.24%Key Worker Standard£995£1.5m
3.49%Key Worker Fee Saver£0£350k
75%3.34%Key Worker Standard£995£1m
3.59%Key Worker Fee Saver£0£375k
80%3.44%Key Worker Standard£995£750k
3.69%Key Worker Fee Saver£0£400k
85%4.04%Key Worker Standard£995£500k
4.29%Key Worker Fee Saver£0£425k
90%4.64%Key Worker Standard£995£400k
4.89%Key Worker Fee Saver£0£400k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (VVR +2.84%)

 

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%3.04%Key Worker Standard£995£1.5m
3.44%Key Worker Fee Saver£0£325k
70%3.14%Key Worker Standard£995£1.5m
3.54%Key Worker Fee Saver£0£350k
75%3.24%Key Worker Standard£995£1m
3.64%Key Worker Fee Saver£0£375k
80%3.74%Key Worker Standard£995£750k
4.14%Key Worker Fee Saver£0£400k
85%4.74%Key Worker Standard£995£500k
5.14%Key Worker Fee Saver£0£425k
90%5.14%Key Worker Standard£995£400k
5.54%Key Worker Fee Saver£0£400k
5 year fixed65%3.24%Key Worker Standard£995£1.5m
3.49%Key Worker Fee Saver£0£325k
70%
3.34%Key Worker Standard£995£1.5m
3.59%Key Worker Fee Saver£0£350k
75%3.44%Key Worker Standard£995£1m
3.69%Key Worker Fee Saver£0£375k
80%3.94%Key Worker Standard£995£750k
4.19%Key Worker Fee Saver£0£400k
85%4.94%Key Worker Standard£995£500k
5.19%Key Worker Fee Saver£0£425k
90%5.34%Key Worker Standard£995£400k
5.59%Key Worker Fee Saver£0£400k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (VVR +2.84%)

 

 

 

ProductLTVInitial rateTypeProduct feeMax loan
2 years fixed65%3.24%Key Worker Standard£995£1.5m
3.64%Key Worker Fee Saver£0£325k
70%3.34%Key Worker Standard£995£1.5m
3.74%Key Worker Fee Saver£0£350k
75%3.44%Key Worker Standard£995£1m
3.84%Key Worker Fee Saver£0£375k
80%4.34%Key Worker Standard£995£750k
4.74%Key Worker Fee Saver£0£400k
85%4.94%Key Worker Standard£995£500k
5.34%Key Worker Fee Saver£0£425k
5 year fixed65%3.44%Key Worker Standard£995£1.5m
3.69%Key Worker Fee Saver£0£325k
70%
3.54%Key Worker Standard£995£1.5m
3.79%Key Worker Fee Saver£0£350k
75%3.64%Key Worker Standard£995£1m
3.89%Key Worker Fee Saver£0£375k
80%4.54%Key Worker Standard£995£750k
4.79%Key Worker Fee Saver£0£400k
85%5.14%Key Worker Standard£995£500k
5.39%Key Worker Fee Saver£0£425k

Assessment fee:

A non-refundable £180 is payable on all applications

Fee Saver

• One free valuation for properties valued up to £500k
• £0 product fee
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate (VVR) 2.15% set on 14.08.20

Revert rate 4.99% (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 £250 contribution towards legal costs paid within 30 days of completion

£995 Product Fee

 

ProductLTVInitial rateProduct feeMax loan
2 years fixed75%3.74%£995£450k
5 years fixed75%3.84%£995£450k

 

Assessment fee:

A non-refundable £180 is payable on all applications

Product features

• One free valuation for all qualifying properties
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate
2.15% set on 14.08.20

Revert rate
4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 years fixed75%3.84%£995£450k
5 years fixed75%3.94%£995£450k

 

Assessment fee:

A non-refundable £180 is payable on all applications

Product Features

• One free valuation for all qualifying properties
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate
2.15% set on 14.08.20

Revert rate
4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 years fixed75%4.04%£995£450k
5 years fixed75%4.14%£995£450k

 

Assessment fee:

A non-refundable £180 is payable on all applications

Product features

• One free valuation for all qualifying properties
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate
2.15% set on 14.08.20

Revert rate
4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 years fixed75%4.44%£995£450k
5 years fixed75%4.54%£995£450k

 

Assessment fee:

A non-refundable £180 is payable on all applications

Product features

• One free valuation for all qualifying properties
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate
2.15% set on 14.08.20

Revert rate
4.99% (VVR +2.84%)

 

 

ProductLTVInitial rateProduct feeMax loan
2 years fixed75%5.04%£995£450k
5 years fixed75%5.14%£995£450k

 

Assessment fee:

A non-refundable £180 is payable on all applications

Product features

• One free valuation for all qualifying properties
• £250 contribution towards legal fees paid within 30 days of completion


Additional information:

Minimum loan
£100k

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

Vida Variable Rate
2.15% set on 14.08.20

Revert rate
4.99% (VVR +2.84%)

 

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