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.

So what is the market case for Next Chapter Lending, otherwise known as Lending in or into retirement?

The Market Case

52%

of first-time buyers could still be paying their mortgage at age 65 or older

34.7 years

Average age of a first-time buyer

£230k

Average first-time buyer mortgage

1 in 5

first-time buyers selected terms over 35 years in 2023, up from 1 in 10 in 2022

Takeaway:

Longer terms and borrowing into retirement are becoming part of the expected home ownership journey.

Who is it for?

From first-time buyers in their 40s, to mid-life movers in their 50s, to those remortgaging in retirement to keep their plans on track, our enhanced Later Life Lending proposition is designed to help more people find a place to call home.

Put simply, it's lending for the first homes, next homes and later-life plans - giving you the flexibility to support more clients, for longer.

View our Later Life Lending Proposition

Got a question?

Mobi can help!

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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.