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Capital Raising on BTL
chambta
Posts: 2,770 Forumite
Are there lenders who will capital raise on BTL property for a deposit for on residential purchase? A friend has asked me but I know the bank I work for will only allow the cash raising to be used on permanent home improvements on the BTL property or as a deposit for another BTL purchase.
Thanks.
Thanks.
0
Comments
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Yes - as long as the new mortgage amount is within LTV limits and rental coverageI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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