Vida launches new Free Valuation residential mortgage
Vida have revamped their Fee Saver residential mortgage range. Properties up to £500,000 now qualify for a free valuation and a significantly reduced £49 assessment fee. There are no product fees and standard legals are free on remortgages across the entire Fee Saver range.
Vida has also introduced a 1% fee (minimum £495) for BTL mortgages on its Vida 1 tier up to a maximum loan size of £125,000, replacing the previous fixed fee of £1,995.
These changes follow hot on the heels of their Helping Hand mortgage, the first Joint Borrower Sole Proprietor mortgage from a specialist lender. Helping Hand assists parents in getting their children onto the housing ladder without being on the title deeds and jointly owning the property. This means that no stamp duty surcharge is payable by parents.