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Your client can remortgage to capital raise for any of these reasons

16 Jun 2022

As you may know, Foundation Home Loans lend up to 90% LTV for our F1 Residential borrowers and up to 85% LTV for our F1 Buy to Let Landlords for standard properties.

Capital Raising Article

But did you know that this includes capital raising for things such as:

  • Debt consolidation
  • Gifting money to a relative to buy a property
  • Buying a BTL or residential property for themselves, next property details not required
  • Buying a holiday home in the UK or abroad
  • Home improvements to any property they own, not just the mortgaged property
  • Paying off an ex-partner as part of a transfer of equity
  • Replenishing savings used previously to buy property
  • Pay an Inheritance tax bill

For a remortgage case where the customer is paying off debts, we can disregard these debts for the affordability.

Contact your BDM

FOR INTERMEDIARIES ONLY

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