Vida Homeloans has introduced intercompany deposit flexibility and increased exposure limits to its BTL proposition.
The lender will now consider intercompany loans for BTL SPV applications, provided the applicant is an equal or majority shareholder in the trading company supplying the deposit.
The change recognises the way many professional landlords structure their businesses and offers a pragmatic solution that better reflects real-world funding models.
Additionally, Vida has raised its maximum aggregate exposure per borrower from £4m to £7.5m, enabling larger-scale investors to place more of their portfolio lending under one roof.
The uplift supports brokers working with established landlords seeking to refinance, consolidate or expand.
“These improvements are another important step in strengthening our BTL proposition,” said Dani Hancock, proposition development lead at Vida.
“Our aim is to create a lending environment that works with, not against, the realities of today’s landlord market — and these changes form a key part of that mission.”
