Vida Homeloans has extended its mortgage offer period for new builds from four to six months and introduced a speedier remortgage process by allowing conveyancers to use its no search Indemnity insurance.
On new build, Vida has removed the need for a re-inspection to be carried out prior to completion.
The specialist lender also has a dedicated underwriting team in Skipton, North Yorkshire, to ensure that new build applications get the priority they need. If the build overruns, offers can be extended by up to a further six months.
Louisa Sedgwick, director of sales – mortgages at Vida Homeloans, said: “Vida Homeloans is always keen to offer the best value to customers, and this is shown through improvements made to our new build proposition and introduction of a speedier remortgage process.
”Our aim at Vida is to ensure that we provide the best products available to the specialist customer, whilst matching the value added services that they can get on the high street. If we can offer solutions which save the customer time and money, then that is the way forward for us at Vida.”