Back to back (Remortgage - Customer Funded)

Our standard acceptability

Not Acceptable

Criteria definition:

Back to back is typically where the vendor has owned the property for less than six months, or remortgages where they've owned the property for less than six months.

Back to back (Remortgage - Customer Funded) indicates if a Buy to Let lender will accept applications where the customer has funded the purchase from their own funds and now wish to mortgage the property with a Buy to Let mortgage typically within 6 months of ownership. 
For example Josh recently purchased a property at auction and now wants to remortgage the property to release funds.

Policy Notes:

The property must be owned at least six months in this situation.

Criteria categories:
  • back to back transactions
  • Policy

Last updated:

29 August 2018