Buy-to-let from abroad - Looking for help

badrol

Hi everyone,

I have a property in the UK with a normal Nationwide mortgage on it. I rent it to tenants, with permission from NW.

I would like to re-mortgage the property to release some equity in order to have a deposit to buy a house where I currently work (Dubai).

I already approached 2 brokers who assured me it could be done, I gave them all the details, I am still looking for help today.

Property price (Nationwide price calculator) 126K
Outstanding amount: 29K
Looking to borrow: 35K

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Total re-mortgage: 64K

Monthly income from tenants: GBP 533
I would hope that this would cover the interests + capital on the 64K mortgage.

I have been with NW for 10 years now, never missed a payment.

Can anyone please help me?

:undecided

badrol

38 views :T no reply

What I actually meant by

Can anyone please help me?

was more like

Does anyone want to look into this for me?

I understand that there are a number of good mortgage advisers on this board, and I also understand that it probably is against the board rules for them to look for new business here.

I am looking for someone to help me through this, and the only places I can look for help is either Google or MSE. I also understand that I most probably need to pay for this service, which is not a problem.

So if you know a reputable mortgage adviser who is ready to communicate by phone and/or email, please be kind enough to PM me with your recommendation.

Thanks.

herbiesjp

This should be relatively straight forward

Criteria has got tighter, but you should be able to get standard deals on this BTL scenario

Based on ths information given, a recommendation cannot be given as there is so much more needed.

An idea as to rates could be given though

badrol

thank you for your suggestions