Vida Homeloans has launched a faster remortgage proposition by allowing the conveyancers on its panel to use No Search Indemnity insurance.
The No Search Indemnity option is available for portfolios, houses in multiple occupation and multi-purpose bulidings. Vida says this results in a quicker process and lower costs to the customer.
The specialist mortgage lender has also made changes to its new build proposition, extending its mortgage offer period from four to six months and removing the need for re-inspection to be carried out prior to completion.
If the build overruns, Vida says, offers can be extended by up to a further six months.
Vida director of sales and mortgages, Louisa Sedgwick (pictured), says:
“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.”