Vida Homeloans improves buy to let mortgage range.
Buy to let mortgage deals are in focus in the UK market at the moment as many lenders are considering how to improve the products they offer.
Vida Homeloans, for example, has introduced a new range of buy to let and residential mortgages that it calls Premier.
For landlords who are seeking a maximum of 80% LTV, rates now start from 2.89%. Vida have also increased its maximum loan limit for portfolio landlords to £4 million.
Vida also invite applications from borrowers with less than perfect credit histories, which is extremely helpful to those wishing to improve their credit score.
Deal Direct can provide the proper advice on the suitability of these mortgages and how well they would satisfy your purposes. In addition, we can search the whole of the rest of the market to find you a profitable alternative.
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.