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Belmont Green publishes its Annual Report for 2022

  • Business demonstrated resilience against a backdrop of significant market disruption
  • Strong profitability maintained and good strategic progress made whilst proving the potential of the franchise to become the leading challenger brand in the UK specialist mortgage market

Belmont Green Finance Limited trading as Vida Homeloans has published its Annual Report for the year ending 31st December 2022. A full version can be found on their website.

The specialist lender reported another strong year with both statutory and core profitability achieved against a backdrop of significant market disruption.

Significant investment in mortgage transformation resulted in streamlining Vida’s service and scaling the operating model, with new lending reaching £795m in 2022, up from £463m in previous year.

As well as reporting a strong financial performance, 2022 also saw the lender make excellent progress against its strategic plans. Vida successfully completed its eighth residential mortgage-backed security (RMBS) transaction in 2022 raising £400million, which was followed by a further £350million in January 2023. Vida also formally started the application process to become a bank.

Alongside this, Vida have worked hard to deliver a service proposition that intermediaries can put their trust in and launched their V-Hub at the end of last year, giving intermediaries direct access to underwriters. The result has been overwhelmingly positive, with the lender achieving their highest ever Net Promoter Score and gaining an 'Excellent' rating for service on Trustpilot.

This improved service proposition is backed by Vida’s Service Pledge which promises to refund the mortgage application fee in any case where the intermediary feels they have had anything other than excellent service.

Anth Mooney, Chief Executive Officer, said: 

"Despite significant market headwinds and economic uncertainty, I am pleased to report that we continued to make strong strategic progress, again delivering profitability. We enter 2023 in a confident position, with committed funding capacity in place, a high-quality loan book, a strong capital base, cautious provisioning and a well-established distribution franchise – we are well placed to execute on our lending plans for the year ahead and continue our journey towards becoming a bank.

“The strong results for the year would not have been possible without the continued hard work, dedication, and performance of our people. I want to wholeheartedly thank our colleagues who have played their part in helping grow our business while successfully navigating further market uncertainty.

“As a team, we remain fully committed to creating the leading challenger brand in the UK specialist mortgage market, so that we can help many more people find a place to call home.”


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