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.”