Next Chapter Lending

For first homes, next homes and later-life plans

At Vida, we're here to help your clients find a home for every chapter of life.

Including lending in and into retirement.

Chapter 1: Later First Time Buyers

As more borrowers enter the property market in their 40s and 50s, Next Chapter Lending helps provide access to homeownership while offering greater certainty around future affordability and retirement planning.

Key Later Life Lending Criteria

Where an applicant is within 10 years of their retirement age, affordability will use the lower of current income or projected pension income.
Where an applicant is more than 10 years from their retirement age, current income may be used provided the applicant is actively contributing to a pension scheme.
Where 50% or more of the term extends beyond their retirement age, affordability will use the lower of current income or projected pension income.
The mortgage term must end prior to the oldest applicant's 86th birthday.

View our Later Life Lending Criteria

First Time Buyer Criteria

Minimum age 21
Specialist property considered - flats above/adjacent commercial, ex-Local Authority
Joint Borrower, Sole Proprietor considered
Foreign Nationals accepted
Potential for terms up to 45 years
Packager credit tier available for higher adverse
All Defaults and CCJs less than £500 are excluded from product tiering
Up to 4 applicants considered

View our Lending Criteria

Intermediary use only. Not intended for retail consumers.

Vida Homeloans is a trading name of Vida Bank Limited, registered in England and Wales with company number 09837692 with its registered office at 1 Battle Bridge Lane, London, SE1 2HP. Vida Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority with Financial Services Register Firm Reference Number 738741.