Vida, the specialist mortgage lender committed to helping more people find a place to call home, is proud to announce the launch of a new lending proposition designed to support foreign nationals living and working in the UK. Effective immediately, Vida will offer residential mortgage products to eligible foreign national applicants at up to 90% loan-to-value (LTV). The lender has also expanded on the vast list of acceptable visa types to further broaden their proposition.
This new proposition reflects Vida’s ongoing mission to broaden access to homeownership and provide flexible, inclusive solutions for underserved segments of the market. By extending higher LTV options to foreign nationals, Vida is addressing a key barrier to entry for many individuals who contribute significantly to the UK economy but may face challenges securing traditional mortgage financing.
Ross Williams, Head of Products at Vida, commented:
"At Vida, we believe that everyone deserves the opportunity to own a home, regardless of their background or country of origin. Our new proposition for foreign nationals is a natural extension of our mission to help more people find a place to call home. We’re proud to support a diverse range of customers and provide real solutions that reflect the realities of modern life in the UK."
The new criteria is available through a dedicated range of mortgage products offering fixed rates on a 2 and 5-year basis, specifically designed for Foreign National applicants and is supported by the lender’s expert team of underwriters, who take a case-by-case approach to assessing applications. Vida continues to work closely with its broker partners to ensure that customers receive the guidance and support they need throughout the mortgage journey.
