Skip Navigation

CBILS Remortgage

Let us help you move your existing mortgage to a CBILS mortgage

Frequently Asked Questions

Excellent

Reviews.co.uk logo

393 reviews

LTV up to

75%

Rates from

2.3%

Free for

1 Year
Investment & Trading properties accepted
Refinance only - No new purchases
1st Year COMPLETELY FREE!
Capital Raising also accepted

How It Works

With our simple form, case management tools, and expert advisers; finding funding has never been simpler.

Complete online enquiry

Let us know about you and your existing property

Indicative quote

If your scenario is eligable for CBILS our adviser will issue an indicative quote.

Offers from lenders

Offers made under the CBILS scheme. There are NO arrangement fees.

Completion

Valuations are conducted, formal offers made, funds are drawn. The process takes 8-10 weeks.

Get Quote

Excellent Service

Don't just take our word for it. Read our latest reviews.

Andy
Rated 5.00 stars out of 5

Have used on many occasions now and have always got the deal sorted. Ian is very experienced and keeps you updated throughout the process

Srikanth Gorle
Rated 5.00 stars out of 5

Andrew Rayner has helped with a couple of projects till now. He is the best business mortgage advisor, very proactive and helpful. He understood the requirements clearly and provided the required mor...

Ben Bennett
Rated 5.00 stars out of 5

COVID made this a game changer ,but B2B got it over the line .

khalil ziani
Rated 5.00 stars out of 5

Ian from B2BFinance, is the most helpful, the most amazing adviser you can encounter. His knowledge of the products is amazing, his advices are spot on. No matter how often you bother him or take of...

Rated 4.90 out of 5 based on 393 reviews

Frequently Asked Questions

Need answers? We got 'em.

Yes, any property in the accommodation or food sectors (such as restaurants, pubs, hotels, Takeaways, B&B’s), or anything in the healthcare sectors (Care Homes, GP & Dental practices) are not acceptable.

All other property types are considered.

No. With a CBILS re-mortgage you will get 12 months interest and capital repayment free. The interest costs are covered by the Business Interruption Payment (BIP). The lender will provide a 12 month repayment holiday.

If you opt for a capital and interest repayment mortgage then the capital repayments will begin on the 13th month.

If you opt for an Interest-only mortgage then there will be no capital repayments at all.

Yes, 'capital raising' is allowed as long as you can demonstrate that the funds to be released a for a business purpose – no speculative use)

Subject to affordability stress test you can release up to 75% of the value of the property, minus the existing mortgage outstanding.

Yes, all residential or commercial investment properties are eligible, providing they are income producing with a tenant that has not been too badly impacted by the pandemic.

Unfortunately these will need to be paid as part of the settlement of the existing mortgage. You should therefore factor in any exit penalties your existing lender may charge before pursing a CBILS re-mortgage.

Yes, you will need to pay for a valuation to however if the application for funding is successful the cost of the valuation will be covered by the Business Interruption Payment (BIP) provided by the government. You will therefore be refunded once the lender receives the BIP payment.

Valuations are only instructed once a full underwrite is completed on the case, so all other aspects of the application will be acceptable to the lender prior to the valuation fees being incurred.

There is the risk that the valuation comes lower than expected and the lender either reduces their loan amount or declines to lend. In this scenario there would be no refund of valuation fees.

Your property may be repossessed if you do not keep up repayments on any debt secured against it.

About Us

Legalwebb UK Ltd T/A B2Bfinance.com is authorised and fully regulated by the FCA. Ref: 734694.

B2Bfinance.com operates as a commercial finance broker and is not a lender. B2Bfinance.com is a full member of the financial intermediary and broker association (FIBA) and operates under its code of practice.

Contact Info
  • 0116 298 7376
  • info@b2bfinance.com
  • B2Bfinance.com, 169 London Road, Leicester, LE2 1EG
  • Monday - Friday, 9am - 5pm
Copyright © 2021 Legalwebb UK LTD. All rights reserved.