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Vida has revamped credit tiers across its residential and buy-to-let loans and loosened its criteria. The specialist lender has cut its previous five tiers to three: Vida 36, Vida 24, and Vida 6. It says these tiers will help those with “historical adverse or minor blips to get the best products and rates available
Vida has launched a two-year limited edition buy-to-let product at up to 75% LTV at an initial rate of 5.19%. The specialist lender says the loan, on Vida Tier 48, is open to first-time landlords and limited companies. The product applies to loan sizes between £50,000 and £1m, with a 3% product fee. It is
Vida has appointed Helen Cawthra to the new position as head of intermediary relationships. Her new role follows the launch of a new centralised decisioning unit at Vida. Vida says V-Hub connects brokers directly to decision-makers who can deliver end-to-end case management and support service. Led by Cawthra, the
Vida Homeloans is considering staff redundancies as part of a strategic review, as the firm aims to beef up its “intermediary experience” and improve access to underwriters. The specialist lender says as a result of its review “a number of roles have been identified as being potentially at risk of redundancy and
Belmont Green, parent company of Vida Homeloans, has issued its first European residential mortgage-backed security (RMBS) of the year. Named Tower Bridge Funding 2021-2, it raised £400m from both owner-occupied and buy-to-let mortgages. It was supported by Santander, Barclays, and Bank of America. Attracting over