Vida Homeloans has made enhancements to its residential affordability assessments, enabling customers to borrow more when selecting shorter-term fixed rate products.
Vida said these changes reflect its ongoing mission to help more people find a place to call home.
The lender has also launched a range of limited edition buy-to-let (BTL) products at 75% loan-to-value (LTV), available on a 5-year fixed term.
These products come with fee options of 4% and 7%, with rates starting from 3.90%.
The lender has encouraged brokers to contact the V-Hub for case discussions or criteria queries, where they will have direct access to Vida’s team of experts and underwriters.
Ross Williams, head of mortgage product management at Vida Homeloans, said: “Affordability continues to be one of the biggest barriers to home ownership, and at Vida, we’re committed to addressing it head-on.
“Our mission is to help more people find a place to call home, and that means designing solutions that make a real difference.
“That’s why we’re following up our popular 3&Easy, 97% LTV proposition with further enhancements to our mortgage affordability calculation, helping applicants borrow more.”
