Gen H for intermediaries

The purpose of additional borrowing must be genuine and legal. We don't support speculative investments.

Maximum LTVs

Standard new business maximum LTVs per property type, region and loan amount also apply.

LTV is limited to 90% where the capital raise is for improving the property or the customer's equitable position:

*Must staircase to full ownership.

**Must meet minimum lease criteria. Based on pre-lease extension value.

LTV is limited to 80% for all other capital raise purposes:

Remortgage and capital raise for gift to a relative
- please note: This rule is currently being updated in the system - any amount over £10,000 will fail - please refer these to broker team to be overturned.
Remortgage and capital raise to purchase a BTL property or second home
Remortgage and capital raise to purchase consumer goods
- please note: This rule is currently being updated in the system - any amount over £20,000 will fail - please refer these to broker team to be overturned.
Remortgage and capital raise for school fees – 1 drawdown only
Remortgage and capital raise to repay 2nd charge on another property
Remortgage and capital raise for debt consolidation – £50,000 max - customers can only capital raise for debt consolidation once with Gen H.
- please note: This rule is currently being updated in the system - any amount over £30K or 10% of the loan will fail - please refer these to broker team to be overturned.
Remortgage on unencumbered property

Unacceptable loan purposes

The following borrowing types are not acceptable. This list is not exhaustive.

Accident, sickness and unemployment premiums
Business purposes
Tax bills, e.g. unpaid self-employed corporation tax
Court fines
Illegal activity
Speculative purchases, including currency speculation e.g. cryptocurrency, gambling, stocks and shares
Transfer of title where the transferor(s) are bankrupt and/or the purpose is to avoid payment of their liabilities to creditors
Where the purchase application is part of an assignable contract

Acceptable types of additional borrowing include:

Packaging & criteria