Residential Affordability

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Residential Maximum Loan Calculator

Want to know how much we could lend your customer(s) without logging into the Vida Application System for a DIP?

Please ensure ALL fields are completed with correct information, including Income & Expenditure, in order to provide a quick and accurate result.

The results given by the calculator are indicative only and will be subject to a full application and credit check.

{{ vm.numberOfFieldsInError(mainForm) }} error(s) to correct before you can continue, please complete all of the fields highlighted below.

Important information

Minimum loan size £50,000
The exact amount your customer(s) can borrow will depend upon the loan to value, the results of a credit reference check and whether your customer(s) has regular monthly commitments such as maintenance, credit card payments and personal loan repayments.
A European Standardised Information Sheet (ESIS) showing all of the costs involved in taking out a loan, can be produced online once a DIP has been completed.
These details are provided for information only and do not, in any way, bind Vida Homeloans to offer a mortgage for your customer.
Applications are subject to standard lending criteria and all loans are subject to status.
Not applicable for Helping Hand Applications.
Not applicable where there are 3 or 4 applicants.

EditApplication details

Please note that the more information you are able to provide, the more accurate your result will be

Customer type

Please select a customer type

Number of applicants

Please choose the number of applicants

Number of financial dependants

Please choose the number of Financial Dependants

Existing mortgage balance

Please enter the existing mortgage balance

Existing mortgage repayments

Please enter the existing mortgage repayments

Region

Please select the expected region of the property for the loan

Requested Loan amount including any added Product Fee

Please enter the amount your customer is looking to borrow

{{ (vm.isCalcTypeResidentialSecondCharge() ? 'Second charge Total Mortgage Term / Duration' : 'Total Mortgage Term / Duration') }}

years

Maximum 45 years

months

Maximum 11 months

Initial Rate Term

Please select the term of rate

Initial Product Rate

Please specify the Initial Product Rate

Repayment Method Required

Please choose the Repayment Method

Revert Rate of chosen product

Please specify the Revert Rate of chosen product

Interest Only Amount (If Applicable)

Rental top Up required, if yes please complete sections B, C & D

Expected monthly rental income

Please enter an amount

EditIncome details

applicant {{i + 1}}

What is your current employment status?

Please select your customer's current employment status

Currently retired?

Please select if your customer's currently retired

No income can be used

Annual Income of which we accept 100%.

Annual Income of which we accept 75%.

Annual income of which we accept 50%.

Share of Net Profits (Latest Year's Figures)

EditExpenditure details

Please note we use ONS Data for standard living costs, see help boxes for more information

applicant {{i + 1}}

Total monthly outgoings excluding existing credit commitments

Credit Commitments monthly repayments to remain after completion

Summary

We are pleased to inform you that based on what you have told us, we could lend your customer the mortgage amount requested of {{ vm.requestedLoanAmount | currency : '£' : 0 }}. We may however, be able to lend your customer up to:

{{ vm.outcome.maxLoan | currency : '£' : 0 }} depending on the details of your application and your customer's credit search results.

The estimated monthly repayment on the requested amount of {{ vm.requestedLoanAmount | currency : '£' : 0 }} is: {{ vm.outcome.estimatedMonthlyRepayment | currency : '£' : 0 }}

The estimated monthly repayment on the maximum loan amount of {{ vm.outcome.maxLoan | currency : '£' : 0 }} is: {{ vm.outcome.estimatedMonthlyRepaymentOnMaximumLoanAmount | currency : '£' : 0 }}

LTV restrictions apply. Please click here to view the Vida Lending Criteria Guide.

Print Calculator Summary Proceed to DIP Register Now Start New Case

We are pleased to inform you that based on what you have told us, we could lend your customer the mortgage amount requested of {{ vm.requestedLoanAmount | currency : '£' : 0 }} depending on the details of your application and your customer's credit search results.

The estimated monthly repayment on the requested amount of {{ vm.requestedLoanAmount | currency : '£' : 0 }} is: {{ vm.outcome.estimatedMonthlyRepayment | currency : '£' : 0 }}

LTV restrictions apply. Please click here to view the Vida Lending Criteria Guide.

Print Calculator Summary Proceed to DIP Register Now Start New Case

Based on the inputs you have provided, unfortunately on this occasion we are unable to lend your customer the amount requested of {{ vm.requestedLoanAmount | currency : '£' : 0 }}. Based on the information entered, we are able to lend a maximum amount of: {{ vm.outcome.maxLoan | currency : '£' : 0 }} depending on the details of your application and your customer's credit search results.

Based on the inputs you have provided, unfortunately on this occasion we are unable to lend to your customer. Please check the accuracy of the information provided.

The estimated monthly repayment on the maximum loan amount of {{ vm.outcome.maxLoan | currency : '£' : 0 }} is: {{ vm.outcome.estimatedMonthlyRepaymentOnMaximumLoanAmount | currency : '£' : 0 }}

LTV restrictions apply. Please click here to view the Vida Lending Criteria Guide.

Print Calculator Summary Proceed to DIP Register Now Start New Case

Important

The figures detailed above are an illustrative figure for your information and does not represent a commitment to lend the quoted amount.

Vida Homeloans only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Non Consumer Buy to Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

These results are based on the information you've input being accurate. If any details change, the results will be affected and you should undertake another Maximum Loan calculation.

Vida Homeloans applies a cascade underwriting approach at DIP stage both up and down our range of products – resulting in the right product and rate for your customer.

The results shown are indicative only, based on the specific information that you have supplied about your customer(s). The actual amount we are prepared to lend to your customer(s) is subject to a satisfactory credit reference check, confirmation of their income and expenditure and confirmation of the value and suitability of the property offered as security.

Please note that restrictions may apply to the amount we will be prepared to lend to your customer(s) based on the type of application and product chosen (e.g. different LTV or credit tiers have differing maximum loan amounts). You will need to check our lending criteria to make sure your customer(s) is eligible for the amount they wish to borrow. If any of the details you have supplied change, the amount we would be prepared to lend may also change.

These details are provided for information only and do not bind Vida Homeloans to offer a mortgage to your customer(s).

Milo Criteria Chatbot Offline Hi I'm Vida's Criteria Chatbot

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Please email your enquiry to askmilo@vidahomeloans.co.uk
or call 03300 246 246

We usually respond within 24 hours

This chat is for Intermediary use only and cannot be used to discuss any personal details or data relating to clients or applications.

Any response will not constitute a formal agreement or advice. Each application is assessed individually and subject to our policies and credit and processes.

For all other enquiries please email enquiries@vidahomeloans.co.uk
or call 03300 246 246

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