Buy to Let Lending Criteria for loan purposes for remortgaging
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:
- Debt consolidation BTL criteria
- School fees
- Holidays/cars
- Purchasing another property
- BTL business purposes
- Home Improvements
Please note there are specific restrictions for top slicing cases.