Eligibility Requirements
- UK resident applying through an authorised intermediary
- A qualifying residential or Buy to Let property
- Ability to meet affordability checks
- Suitable for applicants with personal loan low credit score history when secured by property
Vida Homeloans Mortgages application steps
- Speak with a mortgage intermediary
- Submit a Decision in Principle (DIP)
- Provide required documentation for underwriting
- Receive a formal mortgage offer upon approval
Frequently Asked Questions
How long does it take to get approved for Vida Bank?
Approval times vary, but Vida provides clear service levels, making it efficient for a mortgage
loan compared to traditional lenders.
Is it required to explain why credit is being used?
Yes. As a secured loan lender, Vida assesses purpose, affordability, and overall financial stability.
Do I need to have a good credit score to be approved for Vida Bank?
Not necessarily. Vida Homeloans Mortgages are designed for specialist cases, including loans for
low credit score borrowers.
Can I apply for a loan if I am self-employed?
Yes. Vida frequently supports loans for self employed applicants with complex income structures.