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Vida Homeloans introduces new buy-to-let product range

Vida Homeloans has overhauled its buy-to-let product range by reducing rates and making criteria changes.

The specialist mortgage lender has cut rates for first-time landlords, loans over £1m and HMOs and MUBs, while removing its previous cap of 100 properties per portfolio.

For self-funding buy-to-let landlords, Vida has reduced income and employment verification.


Vida has also simplified its credit status tier structure to help intermediaries find a product to suit their clients with impaired and improving credit profiles, and HP payments are now treated as unsecured loans.

It follows the recent launch of Vida’s Buy to Let hub, powered by eTech, with a view to introducing time saving tools to make the mortgage application process simpler and more streamlined for brokers acting on behalf of buy-to-let mortgage borrowers. 

Louisa Sedgwick, director of sales, mortgages, Vida Homeloans, said: “This is the most significant product change since we launched three years ago. 

“Vida’s aim is to make specialist mortgages simple and we are always looking for ways to streamline the broker experience and make life easier for our customers to do business with us.

“In the three years since launch we have always listened to feedback and made improvements and now it’s time to simplify the Vida offering for brokers. We continue to see strong demand from our intermediary partners and we want to continue to grow our lending and offer a great service to brokers and customers. These changes are a planned and necessary part of that process.”

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