Vida boosts buy-to-let offering with deposit flexibility and uplift to exposure limits

Vida Homeloans has announced a wave of improvements to its buy-to-let proposition, introducing two significant policy enhancements designed to give brokers greater optionality and support portfolio building landlords.

Vida will now allow intercompany loans as a source of deposit for SPV applications, where the applicant is an equal or majority shareholder in the trading company providing the funds.

In addition, the lender has increased its aggregate exposure limit from £4 million to £7.5 million, providing substantially more headroom for portfolio landlords looking to scale up.

The latest changes follow a series of recent updates to Vida’s foreign national criteria.

Dani Hancock, proposition development lead at Vida, said: “These improvements are another important step in strengthening our buy-to-let proposition. Allowing intercompany loans as a source of deposit reflects the way many professional landlords operate and gives brokers a straightforward route to placing more complex structures with us. Increasing our aggregate exposure limit to £7.5 million also means we can better support growing portfolios and long term investor ambitions.

Our aim is to create a lending environment that works with, not against, the realities of today’s landlord market — and these changes form a key part of that mission.”