The people, amounts, property and circumstances are invented to explain a borrowing brief. No lender, rate, approval, completion or client outcome is claimed.
- Loan requested
- £600,000
- Loan type
- Buy-to-let
- Property type
- House
- Illustrative property value
- £850,000
- Equity after proposed loan
- £250,000
- Illustrative loan-to-value
- 70.6%
The equity figure is property value less the proposed loan; it is not a cash-release calculation. Existing debt and costs must be considered separately. The ratio illustrates arithmetic, not lending criteria or eligibility.
The borrower’s brief
A landlord living overseas wants to review the mortgage on a UK rental house estimated at £850,000. The proposed new borrowing is £600,000. The existing balance, redemption costs and any cash-release purpose still need to be confirmed before a net-cash figure can be discussed.
The question behind the loan
The case combines a UK property with overseas residence, income and document arrangements. Country eligibility, currency, tax position and the practical ability to verify information all need current checks. Being an experienced landlord does not establish that a particular mortgage route is available.
Information to bring together
- Residence, nationality and the countries where income and bank accounts are held.
- Current mortgage statement, redemption information and intended use of any release.
- Tenancy, rental receipts, management costs and other property commitments.
- The property’s condition, title and an independently assessed value.
Where the assessment goes next
Prepare one consistent refinance brief and establish what can be evidenced from overseas. The £250,000 difference between the example value and proposed loan is equity, not cash payable to the landlord. Any release depends on the old mortgage, fees and the approved terms.
Discuss your own circumstances
A similar loan amount or property type does not mean the same finance is available. Income, commitments, credit history, the property and current terms need an individual assessment. Tell Jack what you want to achieve and any part of the plan that remains uncertain.
Prepared for Jack Cousins, Head of Mortgages at Lockhart Murphy. Updated 10 November 2026.
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