Vida Homeloans has announced the launch of its new online Residential Max Loan Calculator (‘Max’) designed to help intermediaries find the right solution for customers who may not fit the criteria currently demanded by high street lenders. 

The calculator has been developed following research with Vida’s intermediary partners. To mark the introduction of Max, Vida is offering intermediaries the chance to win 2 free Cineworld tickets for a year via a prize draw on its website (no purchase necessary). Intermediaries just need to enter their contact details and correctly answer five questions about famous Maxes for a chance to enter the prize draw.

“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,” said Guy Batchelor, sales & marketing director, Vida Homeloans.

“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.”

Martin Reynolds, chief executive, 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 DIP and online full mortgage application.”