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Releasing Equity

bcaston
bcaston Posts: 1 Newbie
in Mortgages & endowments
I own a house (worth 225k) and only have a 39k mortgage. I am renting the house for 1,200 per month. I earn 46k per year. Can someone let me know how I calculate how much I can borrow as I am thinking of buying another property.

Thanks
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