Vida Homeloans expands distribution with L&G and SimplyBiz

Ryan Bembridge

November 21, 2016

Vida Homeloans has expanded its distribution with Legal & General Mortgage Club and SimplyBiz partners.

Vida is also offering mortgages through Nouveau members, Intrinsic and Sesame.

Guy Batchelor (pictured), sales and marketing director, Vida Homeloans, said: “We are fully committed to becoming a meaningful lender in the specialist sector and making a positive difference to borrowers in achieving their financial goals.

“Being 100% intermediary driven, our partnerships with brokers and networks are of paramount importance to us and we are continually listening to their feedback.

“Our goal is to ensure our product proposition, our technology and our service to intermediaries is as compelling as possible.

“We fully intend to continue to invest in our business to ensure we’re consistently meeting the needs of the ever-changing market, and we look forward to building on what has so far been a very encouraging market entry.”

Vida launched to market in November with 12 packagers including All Types of Mortgages, Brightstar and Complete FS.

Vida offers mortgages for the self-employed, contractors, borrowers with short work histories and those with impaired and improving credit profiles.

It includes a ‘Buy Together’ range of residential mortgages, which enables up to four applicants to purchase a home together.

And in the buy-to-let sector the lender provides products for limited companies, Houses in Multiple Occupation, first-time landlords and expats.

Jeremy Duncombe, director at Legal & General Mortgage Club, said: “We always work hard to add value to our members, and are therefore delighted to add Vida Homeloans to our panel. We have been working with the team there for quite a period of time now, helping them shape their products and customer proposition’.

“Vida will provide more choice and competition in the specialist sector, helping brokers to provide holistic solutions to a wider range of clients.”

Martin Reynolds, chief executive of SimplyBiz, said: “We have worked very closely with the management team at Vida Homeloans for a number of months now and are delighted that we can offer the whole range of Vida products to all of our members.

“The breadth and depth of Vida’s criteria and the easy way in which our members will be able to interact and submit applications online will offer many new alternatives in a crowded market. I am sure the launch will be welcomed by our members.”

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