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Your client can remortgage to capital raise for any of these reasons
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.
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.
FOR INTERMEDIARIES ONLY
