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Stupid question maybe

When remortgaging, do you need another deposit or will the equity in the property act as the deposit?

Comments

  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The equity in the property will act as the deposit.
    Space available for rent
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You need money for fees and legals etc
    How much equity have you built up in your existing property ?
    To get the best deals you need a good LTV 60/75%
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