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Vida Homeloans partners with nine packagers


New interemediary-only specialist lender Vida Homeloans has partnered with nine packagers distributing its range of residential and buy-to-let mortgages.

The packagers joining the panel are Active Investments, All Types of Mortgages, Brightstar, Complete FS, Connect for Intermediaries, The Mortgage Trading Centre, Platinum Options, Solent Mortgage Services and TFC Homeloans. They will join existing members 3mc, Buy to Let Club and Residential Home Loans.

The lender, which gained FCA approval in September, aims to ensure that borrowers who do not fit the criteria of high street lenders have access to alternative lending. It has now completed the pilot stage and is moving into widening distribution.

Vida Homeloans sales and marketing director Guy Batchelor says: “Our launch pilot went extremely well and it is testament to the hard work of our team and our partners that we are now ready to move to the next stage.”

Brightstar director of specialist mortgages and buy-to-let Chris Bramham says, “The UK specialist market has continued to flourish. In fact, the recent wave of new entrants coming to the specialist market is pushing down rates due to the increased competition. It is clearly time that more intermediaries took advantage of this burgeoning demand and continued to build on this momentum.”



Vida Homeloans pre-launches specialist mortgage range through intermediaries

Intermediary only specialist lender Vida Homeloans is conducting a pre-launch lending pilot in the UK mortgage market. The new lender, which gained FCA approval last month, will offer a range of residential and buy-to-let mortgages through 3mc, the Buy to Let Club and RHL and is currently undertaking a ‘test and learn’ phase. It will […]


Halifax to cap lending at 4.75 times income

Halifax is changing its income multiple caps from five times sole and 4.5 times joint incomes to a flat 4.75 times sole or joint incomes. For loans over £500,000 the income multiple cap will remain at four times income. The cap for Help to Buy Mortgage Guarantee (including shared ownership, shared equity and Help to […]


Smith steps down as deputy chair of AMI

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Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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