Bespoke remortgage products now available

Bespoke remortgage products now available

Our new range of products exclusively for remortgage cases is now available. Designed to help you find a solution for clients borrowing £200k to £3m, the products have a flat £995 product fee and rates start from 2.24%. The range covers a variety of scenarios, including:

• 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

Other key features of the range include:

• Max 75% LTV, subject to property type. Max LTV 60% where sale and downsize is the repayment strategy
• Rates from 2.24% for repayment and 2.49% for interest only and are based on the client’s circumstances
• Fixed and variable rates
• 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 or self-employed income
• Available for properties throughout England and Wales

Tina Long, New Business Lead at MHBS, said “These new products will help intermediaries find a solution for out-of-the-ordinary remortgage cases. With our flexible approach, we consider each remortgage application individually and manually underwrite every case. We don’t rely on automated computer-based decisions.”

For more information or to discuss an individual case, call your nearest Specialist Lending Manager.

Article details are correct as at 25 January 2021. For our latest product information and criteria please talk to your Specialist Lending Manager. Pricing is tailored to your clients’ individual circumstances