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Vida Homeloans adds free valuations for resi mortgages

Specialist lender Vida Homeloans has brought in free valuations for properties valued at up to £500,000.

As part of the ‘fee saver’ range the lender has also reduced the assessment fee to £49.

There are no product fees and standard legals are free on remortgages across the range.

Vida has also introduced a 1 per cent fee (minimum £495) for buy-to-let mortgages on its Vida 1 tier up to a maximum loan size of £125,000, replacing the previous fixed fee of £1,995.

Vida Homeloans director of sales Louisa Sedgwick says: “We are always listening to feedback from mortgage intermediaries here at Vida Homeloans and constantly look for new ways to ensure our products suit borrowers who are currently not well-served by high street lenders.

“These changes to our fee saver residential product and specialist BTL range show our continuing appetite to grow our specialist mortgage lending.”

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