We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Line Of Credit

zx12a1
zx12a1 Posts: 2 Newbie
in Loans
I have some equity in property which I would like to release in order for me to develop another.

Can anyone advise me how/where to start looking and possible best choices?

Thanks

zx12a1

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Assuming that you have a mortgage on the currrent property the first port of call would normally be your mortgage provider.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • zx12a1
    zx12a1 Posts: 2 Newbie
    Apologises, I should have explained that I would like to generate a line of credit so I have cash available when I need it but without the overhead of a cash loan in place.

    Also the equity is split over more than one property.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture