Discover how we helped a Tier 2 visa holder secure a 90% LTV remortgage by negotiating an exception to lender policy, enabling them to release funds for essential home improvements.
At a Glance:
- A homeowner raising capital for home improvements
- Remortgage at 90% LTV
- A foreign national on a Tier 2 visa without permanent UK residency
The Case:
Our client owned a 4-bedroom terrace in London and sought to remortgage the property to 90% loan-to-value (LTV) to release capital to fund their home improvement plans.
The Challenge:
The biggest challenge was our client’s immigration status. As a foreign national on a Tier 2 skilled working visa, they did not have an indefinite right to reside in the UK.
Most lenders limit LTV to 80–85% for those without permanent rights to reside. However, securing 90% was essential to funding their planned home improvements, so we needed to find a solution.
Our first step was to review all lenders that consider borrowers on skilled visas and assess whether they could make an exception on the maximum LTV.
We used our established relationships with several lenders and identified one willing to grant an exception to policy based on our client’s strong job role and high income. Although the standard policy capped foreign nationals at 80% LTV, after we spoke directly with a senior underwriter, they agreed to make an exception and offer a 90% LTV remortgage.
This decision enabled our client to raise the additional funds needed to complete their planned home improvements; a great outcome given the initial challenges.
The Finance:
Property value: £775,000
Gross loan amount: £697,500
LTV: 90%
Rate: 4.77% fixed for 2 years*
Term: 35 years
Monthly mortgage payment: £3,587
Lender arrangement fee: £999
Rates as at June 2025*
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