Vida Homeloans launches residential ranges

The products come with no product fee while Vida will refund the valuation and assessment fee after completion up to £650.

Vida Homeloans launches residential ranges

Vida Homeloans has launched a specialist and fee saver residential range of mortgages.

The specialist range offers 2-year variable rates from 2.99%, 2-year fixes from 3.29% and 5-year fixes from 3.79%.

The fee saver range starts at 3.59% to 70% LTV and Vida will refund the valuation and assessment fee after completion up to £650.

Louisa Sedgwick, director of sales, mortgages, at Vida Homeloans, said: “We’ve received a fantastic response from the market since launch and are committed to becoming a significant lender in the specialist sector during 2017.

“Our partnerships with brokers and networks are extremely important to us and we are continually listening to their feedback.

“They’ve been telling us that a Fee Saver option on our residential product range would be a useful addition to our proposition, especially when combined with the breadth of criteria we offer in the specialist mortgage sector.”

She added: “We intend to continue to keep listening to intermediaries and investing in our business to ensure we’re consistently meeting the needs of the market.

“We look forward to 2017 and the opportunity to build on what has so far been a very encouraging market entry.”

The lender caters for those who don't fit high street criteria such as the recently self-employed, borrowers in or approaching retirement and the credit impaired.

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