Specialist products made simple - up to 0.3% rate reductions
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Vida Homeloans have made some significant changes to their products to create a more simplifed and streamlined range.
RATES REDUCED - Up to 0.3% rate reductions
RESIDENTIAL - Loans over £1 million
- Helping Hand (joint borrower sole proprietor) products
BUY-TO-LET
- First time buyers/first time landlords
- Loans over £1 million
- HMOs and MUBs
ENHANCED CRITERIA - Improvements across residential and buy-to-let ranges
RESIDENTIAL
- Self-employed contractor affordability now assessed on Day Rate x 46 weeks
- Interest Only available across all tiers
BUY TO LET
- 100 property limit on portfolio size removed - now unlimited
- Reduced Income and Employment verification for self funding
BTLs
SPECIALIST MORTGAGES MADE SIMPLE
- Product numbers and variations reduced by almost 50% - simpler ranges
- Simplified credit status tier structure to help intermediaries find a product to suit their customers with impaired and improving credit profiles
- Many buy-to-let fees reduced and moved on to a simple percentage basis
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