Remortgaging

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Loan purposes for remortgaging

For all remortgages the property must have been owned by the applicant(s) for a minimum of six months. 

Acceptable loan purposes:
For capital-raising remortgages the following are permitted: 

Please note there are specific restrictions for top slicing cases.


Unacceptable loan purposes:
The following loan purposes are unacceptable: 

  • Non BTL business purposes 
  • Guarantor supported mortgage 
  • Right to Buy/Acquire 
  • Shared ownership or equity 
  • Sheltered Housing Schemes/retirement villages for elderly 
  • Lifetime mortgages 
  • Bridging loans 
  • Government Homebuy 
  • Tenants incentive 
  • Regulated BTL (family tenants) 
  • Concessionary purchase 
  • Gambling 
  • Personal business use 
  • Unsecured debt consolidation where the LTV is >75% 
  • Payment of tax liabilities 
  • Office conversions