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  • FIRST POST
    Phil_rich
    Asset rich income poor..
    • #1
    • 23rd Jul 12, 9:51 PM
    Asset rich income poor.. 23rd Jul 12 at 9:51 PM
    Evening,

    A difficult question which I need some help with please.
    What would be the best route to go down for raising capital for someone who is asset rich and income relatively poor.

    Situation is, a property worth circa 750k plus a seperate stable yard/land worth 200k. The 750k has a 250k mortgage but the yard is debt free. Income is circa 60k per annum.

    Without selling an asset what would be the best way to raise some funds against either of these properties? How many income multiples will the banks go to? will they considder the LTV? could a seperate mortgage be obtained against the yard? Looking to raise 100k+

    Thanks for any help.
    --- Fat club weight loss -- Started 10th April 2015
    Update: 28.4.15 - 8lbs
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