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Complex remortgage to raise capital for a business

We understand that clients remortgage for a variety of reasons and that sometimes they need more than an off-the-shelf solution. That’s why our residential remortgage range has been designed to cater for the most complex of cases and has the flexibility to handle unique scenarios, including remortgaging to raise capital.

Here’s an example of a case we recently helped with.

The clients’ scenario

This case involved a high net worth couple, including one client with foreign national status who wanted to raise capital to invest in their existing business. The security for the loan was their currently unencumbered main residence, a complex property with large acreage, outbuildings and a holiday let property on site. 

Our solution

We carefully considered the unique circumstances of this case, taking into account the clients’ employed and additional self-employed income. We also considered bonus payments and rental income from the holiday let, along with their investments in stocks and shares and ownership of unencumbered properties overseas.

By taking a flexible approach and accepting multiple streams of income, we were able to offer a HNW larger-loan remortgage deal at a three-year discounted rate of 4.14%.

This solution reflected the clients’ circumstances:

• Larger loan deal over £500k
• Five-year term
• HNW couple, including a foreign national client
• Complex property including outbuildings and holiday let
• Interest only

Working together was key

Commenting on this case, our Specialist Business Development Manager Daniel Hopper said “This was a complicated case that needed to be assessed on its merits. It was crucial for me to work in partnership with the intermediary and fully understand the finer details of the clients’ scenario. At MHBS, we don’t rely on computer-based decisions and were able to include multiple income streams in our affordability assessment. This meant we could create a bespoke product that allowed the clients to raise the capital they required for their business.”

Experience our award-winning service

We’re delighted to have won a Feefo Gold Trusted Service Award for the second year running. The award recognises our commitment to providing outstanding customer service and is based on feedback from our intermediary partners.
Take a look at what intermediaries are saying about us here.

If you have an out of the ordinary scenario, please give our bridging team a call on 01858 412345. We approach every case with a can-do attitude and our flexible products mean we often find solutions to scenarios other lenders turn away.

This is a recent case example, pricing is tailored to your clients’ individual circumstances. Article details are correct as of 15 March 2023

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