Remortgage purpose: Capital raise for BTL where property not yet found

Our standard acceptability

Acceptable

Criteria definition:

Indicates if we can potentially consider remortgage applications with capital raising for a BTL property where the property has not yet been found. Essentially they want to put themselves in the position of a cash buyer with the funds accessible ready for when they find their property.

Policy Notes:

Family Building Society can consider remortgage applications with capital raising for a BTL property where a property is not yet found

Criteria categories:
  • Policy
  • remortgage purpose

Last updated:

15 September 2020

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