Vida Homeloans Enhances Criteria to Help More Clients Find a Place to Call Home

19 November 2025

Vida is continuing its mission to help more people find a place to call home by introducing two key enhancements designed to make homeownership more accessible. The changes reflect their commitment to breaking down barriers and creating opportunities for individuals and families across the UK. By refining their criteria and improving flexibility, Vida is helping intermediaries turn the dream of owning a home into reality for even more borrowers.

What’s new?

1. Foreign Nationals Affordability Enhancement

For cases where at least one borrower does not have permanent rights to reside and the LTV is above 75%, Vida has reduced the minimum income eligibility for joint applications. Previously, the main borrower needed to earn £50K; now, a combined total income of £70K is acceptable (e.g., £35K each for two applicants). Applications where the main borrower earns at least £50K and the combined income is less than £70K remain acceptable.

2. Higher Threshold for Ignoring CCJs and Defaults

Vida has also increased the threshold for excluding defaults and CCJs when allocating product tiers from £250 to £500 across all product tiers. The existing threshold for ignoring unsecured missed payments under £250 remains unchanged.

Ross Williams, Head of Mortgage Product Management at Vida Homeloans, commented:

“The affordability enhancement builds on the improvements we’ve delivered for Foreign National customers. It means that couples applying together can combine their incomes to meet eligibility requirements, providing greater flexibility and opening more opportunities for Foreign National customers looking to secure a mortgage in the UK. By increasing the thresholds for CCJs and Defaults we disregard, we’re making it easier for customers to secure a mortgage without being held back by historic issues—while maintaining responsible lending standards.”