Vida Homeloans

Vida Homeloans relaunches product range

Vida Homeloans has introduced major criteria improvements to its buy-to-let (BTL) product range.

The specialist lender has reduced the majority of rates on its BTL range by up to 0.50%.

The lowest two-year fixed rate now stands at 3.14%, with its five-year product at 3.59%.

In addition, Vida has made a range of service enhancements for brokers, including a new option called application refer, which – if triggered – means an underwriter will review the case before the broker has to pay any fees.

The lender stated that it would let brokers know what mandatory documents were needed to support an application to ensure a more informed decision is given upfront.

Vida has also introduced major criteria improvements to its residential product range.

“This is our biggest product update since our launch into the market in October 2016, and we hope that this move demonstrates our commitment to delivering the best possible specialist mortgage solutions for brokers and their customers,” said Louisa Sedgwick, director of sales, mortgages at Vida Homeloans (pictured above).

“I’m confident that these updates to our residential and buy-to-let propositions will be received positively by our broker partners.

“Not only do they offer greater flexibility and choice, but they also provide genuine, affordable solutions for customers.

“We have also taken broker feedback onboard and have worked hard to improve our service propositions to enable a smoother journey.”

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