PBSA Refinance Completed in Aberdeen
£11.7m PBSA Refinance Purpose-built student accommodation. Designed for complexity. Built on certainty. We delivered an £11.7m refinance for a newly completed PBSA scheme in Aberdeen, supporting the borrower through a key stabilisation phase. ScenarioThe borrower was looking to refinance their existing development facility and implement a new asset management strategy, including appointing a new managing agent. […]
Improvements to our Lending Criteria
We’re pleased to announce a series of enhancements to our buy-to-let lending criteria, designed to give advisers more flexibility when placing cases and to support more landlord clients. What’s new? High rise blocks of flats: We’ve removed our height restriction on blocks of flats, opening up more opportunities for brokers to place cases on a wider […]
Debt consolidation to 90% LTV
We’ve increased the maximum LTV for debt consolidation on its Vida 36 Tier from 85% to 90% LTV. This uplift broadens options for customers looking to restructure debt while securing a more manageable monthly payment and gives brokers greater flexibility when placing cases. A few key points to note: Remortgages are permitted for any legal […]
Foreign Nationals
Foreign Nationals All applicants must: Live and work in the UK (Applicants residing in the Isle of Man and Channel Islands are not acceptable). Be UK taxpayers (where income is being used to support the application). Provide evidence of a minimum employment history of 12 months in the UK (where income is used to support […]