Capital raising

Buy-to-let policy

Allowable purposes

• We allow additional borrowing as part of a remortgage application for most reasons other than business purposes
• If funds are being used for tax bills or school fees please check with us before applying

Maximum LTV

• The maximum LTV for additional borrowing is 80%
• This includes for the deposit on a new property, home improvements, paying off a Help to Buy Equity Loan in full, fully staircasing shared ownership and debt consolidation

Home improvements

• If additional borrowing for home improvements is more than £50,000 or 20% of the property’s value, we need builder/contractor estimates, plus planning consent if it’s needed

Debt consolidation

• Maximum LTV 80% for debt consolidation
• During the application please do not include the monthly payments for any debts being repaid as expenditure

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