Vida Homeloans is a modern specialist mortgage lender that provides mortgages for people with complex financial situations who are often overlooked by high-street banks.
They are experts in finding solutions for borrowers with non-standard income, minor credit issues, or professional landlords with complex portfolios.
Important Note: Vida Homeloans is an intermediary-only lender. You can only access their mortgages through a qualified mortgage broker. If you want to compare their rates before you get started, you can review them for free using our mortgage-sourcing tool below:
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Lender Details
Product Details
Who are Vida Homeloans?
Think of Vida as a problem-solving lender for "real life" circumstances. They launched in 2016 to cater for a growing number of borrowers who don't fit the rigid, automated criteria of mainstream banks.
Their entire approach is built on flexible, individual underwriting. This means every application is assessed by a human underwriter who can take a common-sense view of your situation. They use technology to make the process smooth for brokers but rely on human expertise to make the final lending decision.
What are they known for?
Vida has a broad appetite for both complex residential and buy-to-let cases. They are known for their pragmatic approach in several key areas.
Residential Mortgages for Complex Lives
Vida is a strong option for homebuyers and remortgagers who don't have a simple 9-to-5 job and a perfect credit history. They are particularly good for:
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The Self-Employed: Including those with only one year's accounts or contractors.
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Complex Income: Applicants with multiple jobs, zero-hours contracts, or those who receive benefits or private pensions.
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Credit Blips: They can consider applicants with minor adverse credit issues in their past, such as low credit scores, missed payments, or satisfied defaults and CCJs.
Specialist Buy-to-Let
Vida has a very strong offering for professional landlords and property investors. They provide mortgages for:
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Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs).
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Limited Company (SPV) applications.
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Expat and foreign national landlords.
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Holiday Lets and properties used for AirBnB.
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Our mortgage sourcing tool is FREE and will show you the latest deals from Vida Homeloans and others so you can make an informed decision about which to choose.
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Pros and Cons of a Vida Homeloans Mortgage
Pros:
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Flexible and Pragmatic: Their manual underwriting allows for common-sense decisions on complex cases.
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Broad Specialist Range: They are strong in both the residential and buy-to-let specialist markets.
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Good for the Self-Employed: They take a sensible view of self-employed income, including contractors and those with a short trading history.
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Tech-Focused: Their modern platform makes the application process efficient for brokers.
Cons:
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Higher Costs: As a specialist lender, their interest rates and fees are higher than the high street to reflect the greater complexity and risk of the cases they handle.
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Broker-Only: You cannot apply directly, which means you must go through a mortgage adviser.
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Not for Clean Credit: If you have a straightforward case and perfect credit, you will find cheaper rates with a high-street bank.
How to apply
You cannot apply directly to Vida Homeloans and will need to go through a mortgage broker, like Money Helpdesk, to access their products and services. Get started here to book a free, no-obligation chat with an adviser who specialises in their product range and can help you apply for their mortgages, after establishing whether they are the ideal lender for you.