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Buy To Let Mortgage
Comments
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It is not a requirement that the further advance is used for home improvements, as the NW were well aware we were using the advance to fund a BTL purchase.
Was this not a secured loan?
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Was this not a secured loan?
JoeK
Yes, it is a secured loan. NW say on their website that with a further advance you can, "Borrow a lump sum of up to 95% of the value of your home for home improvements or up to 85% for other* purposes." It might not be the right choice for the OP but it may be worth looking into.0
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