CBILS Remortgage
Let us help you move your existing mortgage to a CBILS mortgage
Frequently Asked QuestionsLTV up to
75%Rates from
2.3%Free for
1 YearHow It Works
With our simple form, case management tools, and expert advisers; finding funding has never been simpler.
Let us know about you and your existing property
If your scenario is eligable for CBILS our adviser will issue an indicative quote.
Offers made under the CBILS scheme. There are NO arrangement fees.
Valuations are conducted, formal offers made, funds are drawn. The process takes 8-10 weeks.
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.
No, if the remortgage is accepted all lender arrangement fees or legal fees are also covered by the Business Interruption Payment (BIP).
There is a BIP claim form you will need to complete in order for the lender to claim this support. The lender will guide you through this process at the time.
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.
Excellent Service
Don't just take our word for it. Read our latest reviews.
Sarfraz Ahmed
Rated 5.00 stars out of 5
Had a great experience with B2B, David Holloway was an expert in the field and assisted us in securing finance for our business. A real professional outfit with knowledgeable and experienced people. Really happy with the outcome. Thanks B2B and David.
Longwood Capital Ltd
Rated 5.00 stars out of 5
Working with Jayne King has been an excellent experience, she supported us with advice and speedy responses to any queries, and guided us through all aspects of obtaining a mortgage for our first buy to let project. She kept us updated throughout the process, and ensured the project remained on track. Excellent service.
Khalida
Rated 5.00 stars out of 5
David Holloway, worked hard at getting my buy to let mortgage despite some absolute ridiculous hurdles places by various elements of the process. He was tenacious and got my mortgage across finish line. Thank you 🙏👍
"Ravikumar"
Rated 5.00 stars out of 5
Darren Lund is amazing chap Very helpful Always on the ball and answered all questions and transaction was so smooth I would definitely recommend him All the best
"Ravikumar"
Rated 5.00 stars out of 5
Darren Lund is amazing chap Very helpful Always on the ball and answered all questions and transaction was so smooth I would definitely recommend him All the best
Ak
Rated 5.00 stars out of 5
Amazing customer service