PRIMIS adds Vida Homeloans to lender panel

PRIMIS Mortgage Network has announced the addition of specialist lender, Vida Homeloans, to its lender panel.

The mortgage network revealed that its members will have immediate access to Vida’s range of residential and buy-to-let lending solutions, which includes the lender’s improved criteria for both offerings, as well as reduced rates for landlord clients.

The partnership will also provide PRIMIS advisers with access to products that enable support to a range of customers looking to access residential loans – including contractors, those with impaired credit and those with a minimum income of £15,000.

For advisers with clients in the buy-to-let space, PRIMIS added that lending will be available for landlords with a variety of circumstances, including those with HMOs or student lets and expats investing in UK property.

PRIMIS proposition director, Vikki Jefferies, commented: “Our top priority at PRIMIS is ensuring that our proposition caters for all areas of the market, allowing brokers to continue supporting customers with the exact lending solutions they require.

“By partnering with Vida, we will be able to provide our advisers with access to a wider range of products to help them in their conversations with non-standard customers – a demographic that is growing at record rates. Going forward, we will continue to enhance our lender panel to ensure that more of our brokers are well-equipped to meet the needs and demands of specialist customers.”

The latest addition comes as PRIMIS continues to grow its specialist lending proposition, after the network had recently announced a new partnership with Fleet Mortgages.

Other features of the new agreement with Vida include loans of up to 85% LTV on both its residential and buy-to-let products, with a maximum loan amount of £1.5m.

Complex incomes and low credit scores will be considered for residential clients, and Vida also revealed that up to four applicants with combined incomes will be considered for each case.

Vida managing director mortgages, Louisa Sedgwick, added: “We’re delighted to join PRIMIS, who share our values in providing customers with a range of quality products that are best suited to their individual needs.

“Since Vida launched in October 2016, our priority has been to serve specialist customers with flexible mortgage products at an affordable price. Giving customers more choice with a range of products is key to opening up more doors to those underserved by the high street banks.

“We look forward to working with PRIMIS’ adviser pool to drive the mortgage market forward, and believe this partnership demonstrates our commitment to delivering the best possible specialist mortgage solutions for brokers and their customers.”

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Vida Homeloans is the award-winning specialist mortgage lender for residential and buy to let customers who may not fit the criteria currently demanded by high street lenders. View this video now on how Vida help those in their personal circumstances or their investment strategies.