Vida unveils expat buy-to-lets

Ryan Bembridge

June 12, 2017

Vida Homeloans has launched a buy-to-let range aimed at UK property owners living abroad.

Products include 2-year fixes at 3.99% to 70% loan-to-value and 4.19% to 75% LTV, as well as 2-year trackers at 3.89% to 70% LTV and 4.09% to 75% LTV.

The lender is also offering 5-year fixes at 4.54% to 70% LTV and 4.64% to 75% LTV.

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Loans up to £250,000 come with a product fee of £1,995 and over £250,000 cost 1.50%.

Louisa Sedgwick, director of sales, mortgages, Vida Homeloans, said: “We listen to our distribution partners and our new Vida Expat proposition is the latest evidence of our partnership approach to product design.

“We continue to commit to offer intermediaries innovation and flexibility in securing the best mortgage deal for their client’s needs.”

Stuart Marshall, managing director of Liquid Expat Mortgages, said: “We’ve been impressed by Vida’s responsiveness to market demand and this latest product launch certainly gives them some of the most flexible criteria in the expat sector right now.”

The mortgages have a max loan size of £1m for existing UK buy-to-let landlords and £500,000 for new landlords.

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