Remortgage solutions

Let our team of specialists help you find the right remortgage solution for your clients. We provide a range of products exclusively for remortgage cases that cover a variety of different scenarios.

To find out more please talk to your nearest Specialist Lending Manager.

Why MHBS?

  • Manual underwriting with applications assessed on a case-by-case basis
  • Named underwriter for each case
  • Bespoke products to allow greater flexibility in more complex scenarios
  • Multiple capital-raise reasons considered
  • Unusual properties considered
  • No income multiple limit

Key features

  • £200k – £3m loans
  • Up to 75% LTV, subject to property type. Max LTV 60% where sale and downsize is the repayment strategy
  • Competitive pricing tailored to your clients’ needs
  • Flat £995 product fee
  • Fixed and variable rates available
  • Available for like-for-like remortgages and capital raises on both mortgaged and unencumbered properties
  • Consent to let available and rent a room accepted
  • Max age 85 with retirement income or 68 with employed income
  • Available for properties throughout England and Wales

Scenarios

  • Remortgage with capital raising to fund home improvements on the property
  • Remortgage to provide the exit from bridging finance
  • Capital raise on an unencumbered property to gift funds to family or buy investment properties
  • Remortgage in order to obtain day one consent to let for up to 24 weeks per annum
  • Like-for-like remortgages on an interest only basis

We’ll consider other scenarios too, please talk to your Specialist Lending Manager

Products and criteria

Our products and the rates we can offer are tailored to your clients’ circumstances, with variable and fixed rates available in most circumstances and options for increased overpayment allowances. We treat each case individually. To discuss your clients’ scenario in more detail please contact your nearest Specialist Lending Manager.

Other fees to be paid by your client:

  • Application fee
  • Product fee
  • Valuation fee
  • Legal fees
  • Quantity Surveyor fee (for some development cases)
  • Funds transfer fee

Fees are outlined in the Society’s Tariff of Mortgage Charges.

 

Applicant criteria
Minimum age 18
Maximum age 85 at the end of the loan
Maximum number of applicants Four
Residential status UK loans considered
Foreign nationals Foreign nationals considered
Credit impairment We are unable to accept credit impaired applicants

 

Loan criteria
Amount £200k – £3m
Maximum LTV 75%

 

Security criteria
Location In England or Wales
Property type We are happy to consider unusual properties, including:

  • Listed buildings
  • Large acreage
  • Properties with an annexe
  • Multi-units
  • Light commercial use

Get in touch

Pricing is tailored to your clients’ individual circumstances. To find out more or discuss a case talk to your nearest Specialist Lending Manager.

Ready to talk?

Experience our first-class, personal service with a dedicated Specialist Lending Manager and named underwriter for your cases.