Pound-for-pound remortgages might be the best kept secret in BTL lending right now. This clever feature in a lender’s criteria offers a route for intermediaries to help landlord borrowers whose rent is very tight, who therefore might believe that a product transfer with their existing lender is their only option. In short, a pound-for-pound remortgage (AKA the ‘£4£ remo’) is a BTL remortgage with no additional borrowing – so it is pound-for-pound the same loan amount, so some lenders are able to offer more favourable underwriting terms for it, such as less onerous rental cover requirements. Continue reading….