Vida launches intermediary product switch portal

Vida Homeloans has announced the launch of an intermediary product switch portal to provide brokers with a seamless way to undertake a product transfer for their clients.

The specialist mortgage lender suggested that product transfers have been a “lifeline” for brokers over the past 15 months.

Vida’s intermediary product switch portal is a fully digital solution developed in conjunction with brokers, and will provide tailored product solutions in less than 15 minutes.

After receiving positive feedback from both brokers and customers during the system’s pilot programme, Vida is to now offer the intermediary product switch portal to all brokers. The lender also revealed it will pay a procuration fee of 0.30% on every product switch completed.

Vida director of mortgage distribution, Richard Tugwell, commented: “As a market leading lending specialist, we are committed to making our processes as easy as possible, providing a great range of options for our broker’s clients.

“The increase in product transfers is set to continue, so launching our best of breed product switch portal means brokers will be able to complete the product transfer journey in less than 15 minutes with everything completed online.

“We have worked very closely with our intermediary partners to design a bespoke process based on the insight and experience they have gained from using existing lender systems and therefore we have been able to create a simple process that gives them exactly what they need.”

    Share Story:

Recent Stories


Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.

An outlook on the BTL market
MoneyAge Editor, Adam Cadle, talks to Landbay senior regional account manager, Alex Witham, about current market sentiment within the BTL space and Landbay’s success in this area

Empowering advisers: A decade of education in Later Life Lending with Air Academy
Michael Griffiths is joined by chairman of Air Club and former founder and CEO of Air, Stuart Wilson, and head of the Air Academy, Daniel Holden, to look back on a decade of business focused learning at the Air Academy.


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.