Later Life Lending with Vida

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 3: Retirement Re-planners

The proposition also supports borrowers in later life who are looking to remortgage, whether to fund home improvements and adaptations, assist family members financially or better manage household costs in retirement.

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.
Where the applicant is already retired, affordability will be based on actual pension income.
The mortgage term must end prior to the oldest applicant's 86th birthday.

View our Later Life Lending Criteria

Pension Sustainability Calculator

View our Pension Calc

Planning for the next chapter means looking beyond the mortgage. Our Pension Pot Contributions & Sustainability Calculator gives you a clear, simple way to see how pension contributions could support long-term affordability, not just now, but over time.

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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.