Vida mortgages

LMJ10

Hi, anyone had any success with Vida or know the success rate of approvals? Currently waiting for a DIP, our criteria fits and credit report is ok for the last 24 months but before that it’s pretty horrible. Our score is still very low? 

Thanks 

periwinkleperkins

We’ve got 5 defaults between 2-3 years old with everything repaid now, it took a few days but we got our AIP (broker had to reapply for his login as they’re using a new system), packagers then submitted full application (with all fees paid) a week ago and still waiting to hear... we’ve been told they’re not the quickest and just keeping our fingers crossed. 

bell2020

Their criteria is on their website for you to download.

Have faith in your broker, I'm sure they know what they are doing 😊

We have 4-5 year old defaults and active DMP and we are awaiting DIP from them!

LMJ10

Yes we do to, have an active DMP, all our defaults are within the Plan tho. but have quite a few. Fingers crossed. 

bell2020

Yes our defaults are for the creditors within the DMP too :-) DMP has been active for 5 years now! Fingers crossed for both of us. How long have you been waiting for your DIP? Ours was put in 2 weeks ago today :-( 

NannyPlum89

Does anyone know the minimum employment length for Vida? Getting conflicting information from their website; the download-able criteria states 3 months, but the criteria on the website states 12 months?

periwinkleperkins

I was worried as had 2 months (Xmas/New Year got in the way) between leaving one job and starting my next. Our broker said no minimum employment length but must have 3 months payslips... today Viva requested a valuation survey so I’m keeping my fingers crossed everything is ok. 

NannyPlum89

periwinkleperkins said:

I was worried as had 2 months (Xmas/New Year got in the way) between leaving one job and starting my next. Our broker said no minimum employment length but must have 3 months payslips... today Viva requested a valuation survey so I’m keeping my fingers crossed everything is ok. 

Thank you that's helped reduce my stress levels! We are in a similar situation, 2 month gap between jobs late last year so hopefully we should be OK. Hope all goes well for you! 

LMJ10

bell2020 said:

Yes our defaults are for the creditors within the DMP too :-) DMP has been active for 5 years now! Fingers crossed for both of us. How long have you been waiting for your DIP? Ours was put in 2 weeks ago today :-( 

Only a day, my broker said it will take 2 days so I’ll wait til tomro and ask them question.

bell2020

Fingers crossed. Good luck!

bell2020

How are you getting on guys?