Debt consolidation BTL criteria
Debt consolidation
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Debt consolidation
When capital raising for the purpose of debt consolidation (either secured or unsecured debts) the following applies:
- Maximum LTV of 75%
- Maximum of £50,000 of unsecured debts can be consolidated onto the mortgage
- Maximum of 10 debts to be repaid (this can be a combination of both secured & unsecured)
- Unlimited secured debts (against any property, i.e. primary residence, buy to let, second home), providing the above max 10 debt rule is still not exceeded
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