Related topic: Vida

Vida will now allow intercompany loans as a source of deposit for SPV applications.

The enhanced policy broadens eligibility for buy-to-let applicants, particularly those with mixed residency statuses or without indefinite leave to remain.

The products are available up to 97% LTV and include cashback options of up to £1,250.

The lender has enhanced foreign national affordability and introduced a higher threshold for ignoring CCJs and defaults.

The proposition is aimed at homeowners relocating abroad, moving in with family, or still deciding their next steps.

Vida has strengthened its specialist lending proposition, allowing it to support a broader spectrum of landlords.

Filshie has also held senior leadership roles at American Express, Visa, Barclays, and Standard Chartered.

The initiative is designed to support first-time buyers with upfront costs such as moving expenses, white goods, or furnishing their first home.

The lender has also reduced the minimum income requirement to £40,000 for customers seeking to borrow at 4.5x LTI and above.

Residential and buy-to-let rates have reduced by up to 0.54%, alongside improved affordability.