What happens if my client wants to buy a new house in the future?
Your client can purchase up to ten rental properties, in addition to a Standard Life Bank residential mortgage, subject to lending terms. All we ask is that the combined balance of their mortgages with Standard Life Bank does not exceed £500,000. If they wish to purchase a new property, they must take out a new Buy to Let mortgage. They can use their existing Freestyle Buy to Let mortgage Prepayment Reserve to fund the deposit for a further rental property. Of course, if they require additional funding, we will be happy to consider their application. Call us on 0845 606 6710 for further information on Credit Re-assessment. What if my client needs to borrow more money in the future? Freestyle Buy to Let mortgages are flexible to keep pace with changes in your client’s circumstances. If the value of their property increases for example, they could find that they qualify for a Credit Re-assessment – which may mean they could borrow more money. If Credit Re-assessment is carried out and th
