"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."
The packagers joining the Vida Homeloans 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 has now completed its launch pilot and this marks the next phase of widening distribution, with further stages to take place over the next six months.
Guy Batchelor, Sales & Marketing Director, commented: “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. A big thank you from us to the principals and staff at 3mc, Buy to Let Club and Residential Homeloans for their support. We have proved to be an exciting new lender for intermediaries, as evidenced by the volume of business secured already. We are pleased to be helping intermediaries source suitable products for their clients who have been underserved by the mainstream market.
“We are extremely excited about the future of Vida Homeloans, helping customers achieve their financial goals and making a real difference in the intermediary mortgage market. We look forward to sharing more news when we can.”
Chris Bramham, Brightstar’s director of specialist mortgages and buy-to-let, said: “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. This is means more choice for clients looking for even more competitive and flexible specialist solutions. It is clearly time that more intermediaries took advantage of this burgeoning demand and continued to build on this momentum.
“In addition, clients’ needs are continuing to change and, although many borrowers are not meeting the criteria of the usual high street lenders, our partnership with Vida Homeloans is another way to ensure we are continuing to meet the ever-changing needs and expectations of clients.”
Ying Tan, Managing Director of Buy to Let Club, added: “Vida’s pilot has gone well from our perspective and I’m not surprised that Vida now wishes to expand its distribution. They have an online system that is responsive and rich in functionality, some very attractive criteria and USPs in their product range and a good, reliable service proposition. We’ll be utilising them more and more for our specialist BTL cases in the future.”
