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Criteria enhanced across residential and buy to let ranges

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Vida are pleased to announce that they have made some significant enhancements to their criteria to make it easier for you to do business with them.

RESIDENTIAL

  • Self-employed contractor income now assessed on Weekly Rate x 46
  • CIS contractors assessed using last 3 months’ payslips
  • Interest only option available across all tiers
  • Right to Acquire added alongside existing Right to Buy proposition

BUY TO LET

  • 100 property limit on overall portfolio size removed – now unlimited
  • Reduced income and employment verification for self-funding BTL

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 BTL fees reduced and moved on to a simple percentage basis