Vida attracts £800m in applications during first year of specialist proposition

Jessica Nangle

October 2, 2017

Vida Homeloans celebrates one year since it launched its specialist residential and buy-to-let mortgage proposition market.

Since its launch, the proposition has attracted £1.6bn in DIPs and £800m in applications and grown to a workforce of 140 people.

Guy Batchelor (pictured), sales and marketing director at Vida Homeloans, said: “I just want to say a really big thank you to all the clubs, networks, packagers and brokers who have supported us during our first 12 months.

“We look forward to expanding our distribution and product range to benefit intermediaries and their customers in 2018.”

Jeremy Duncombe, director at Legal & General Mortgage Club, added: “Vida has delivered an innovative proposition since coming to the market just a year ago.

“Its product range covers the key niches of the specialist mortgage sector in a simple and effective way, utilising a technology platform which delivers online DIPs and enables full mortgage applications in minutes.

“Based on our experience so far, Vida won our ‘Best Lender for Partnership with Mortgage Club’ award earlier this year.”

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