Vida launches new right to buy products

Specialist lender Vida is offering new right to buy products in a further enhancement to its residential criteria.

Purchase only applications are now being accepted from local authorities for right to buy and from housing associations for right to acquire.

Applications can be submitted for up to 100% of the discounted purchase price or 75% of the open market value, depending on which is lower.

Right to buy products include two and five-year fixed options with no product fee.

The announcement follows a recent raft of enhancements to the Vida residential criteria and broker support services.

Vida head of intermediary relationships, Helen Cawthra, said: “Our aim is to help more people find a place to call home, so we’re pleased to be able to announce latest enhancements to our residential criteria, which offers additional right to buy options for our brokers and their clients.”