Financial requirement - mortgage/ remortgage

Old Dec 27th 2021, 1:46 am
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Default Financial requirement - mortgage/ remortgage

Hiya, I am on spouse visa and my husband own the house we are living in outright. My visa is about to extend in 9 months and he is thinking of re-mortgage the house and use the money to fulfill the requirement of £62,500 coz he doesn't want to ask for a proof from his employer for some reasons. Would it be seen as a loan or 'mortgage on a residential property'?

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Old Dec 27th 2021, 3:49 pm
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Default Re: Financial requirement - mortgage/ remortgage

It's both - it's a loan and 'mortgage on residential property'
It would not be acceptable as savings.
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