As a director, if you have equity in your home and want to borrow against it, to inject capital into your business, or invest in something else, you might find this a tricky process.
Many lenders will only remortgage to raise capital for a limited number of purposes, such as:
Consolidating debts
Renovations or home improvements
Buying a car
Covering an expense such as a wedding or holiday
Typically, it can be much harder to remortgage a home to raise finances for a business, and you must work with a specialist lender in these circumstances.
With this sort of provider, you can usually borrow up to 85% LTV, depending on meeting the affordability criteria. This is even possible for directors who have an adverse credit history.