Re-morgage with tenents?

Seb22

Hi,

At the moment i have tenents in my house and i am hoping i can take the 10k out of the equity in the house, would a morgage lender let that happen?

Its not a buy to let morgage either, its my normal morgage but with special circumstances as to why they are allowed to live there,the morgage company let me have tenents for 3 years on my own morgage.

I'm a lttle confused at the minute and can't get through to my morgae advisor.

Any help would be grately appreciated thank you.

_Andy_

I doubt you will get further lending at residential rates.

simpywimpy

if you transfer to a buy to let mortgage then they will not lend more than 75% of the value of the house and of course the rate will be higher too

Seb22

Okay thanks for your replies.