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Vida launches new loan calculator
‘Max’ is designed to help intermediaries find the correct loan for customers who may not fit the criteria set by high street lenders.
To mark the launch, Vida is offering intermediaries the chance to win two free cinema tickets for a year via a prize draw on its website.
Guy Batchelor, sales and marketing director at Vida Homeloans, said: “The Max calculator is the latest example of designing our technology around the needs of the intermediary and their customers, just as we have done with our 100% online application process so far.
“In most cases, intermediaries can get an online decision in principle in less than 10 minutes and a full mortgage application submitted in less than 15 minutes.
“Plus, auto-email updates keep them fully informed at key stages of the process.”
Max was developed using research from Vida’s intermediary partners and is the latest step in its bid to provide intermediaries with the best technology in the mortgage market.
Martin Reynolds, chief executive at SimplyBiz Mortgages, added: “Vida has built a very complex and sophisticated residential calculator, one of the best available in the UK mortgage market today.
“It’s a great tool for our members to be able to work with their customer and product variables to see how Vida’s maximum loan changes accordingly, before then proceeding to their online soft-footprint [decision in principle] and online full mortgage application.”
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