Switching to a new Vida Homeloans mortgage rate is usually a straightforward process for existing customers. Our free mortgage product switch service helps you secure a new mortgage rate up to six months before your current mortgage product expires, helping you avoid moving onto Vida's standard variable rate while protecting against future interest rate increases.
When can I switch my Vida Homeloans mortgage?
You can normally switch your Vida Homeloans mortgage product from up to six months before your current mortgage rate expires.
If your current mortgage deal has already ended and you are on the Vida Variable Rate, you can also apply for a new mortgage product, provided you meet the lender's eligibility criteria.
Who is eligible?
You will normally be eligible for a Vida Homeloans mortgage product switch if:
- Your current mortgage deal expires within the next six months, or you are already on the Vida Variable Rate.
- Your mortgage account is not in arrears.
- You are simply changing your mortgage product rather than making other changes to your mortgage.
How our Vida Homeloans mortgage switch service works
- Contact our team by telephone or complete our secure online enquiry form.
- We obtain details of all mortgage products available specifically for your account.
- We explain each available mortgage option in clear, straightforward language.
- We help you identify the mortgage product most suitable for your circumstances.
- Once you have selected your preferred mortgage rate, we arrange your Vida Homeloans product switch and guide you through to completion.
Important information
Once Vida Homeloans issues your mortgage offer, you will normally have 14 days to consider the offer before accepting it.
After you have accepted your mortgage offer, you will not normally be able to change to another mortgage product, so it is important to ensure you are happy with your chosen mortgage rate before proceeding.
Benefits of a Vida Homeloans mortgage product switch
- Secure your new mortgage rate up to six months before your current deal expires.
- Remain with your existing lender using a straightforward application process.
- No legal work is normally required for a standard product switch.
- The application process is generally much quicker and simpler than arranging a full remortgage.
- Receive guidance throughout the process from enquiry through to completion.
Why use our service?
- Our Vida Homeloans mortgage product switch service is completely free of charge.
- We review all mortgage products available specifically for your account.
- We explain your options clearly and answer any questions you may have.
- We manage your application from start to finish.
- Where appropriate, we can also compare your Vida Homeloans mortgage options with products available across the wider UK mortgage market before you make your decision.