Max ltv for a buy to let mortgage

edited 30 November -1 at 1:00AM in Mortgages & Endowments
1 reply 428 views
22johnny2222johnny22 Forumite
109 Posts
edited 30 November -1 at 1:00AM in Mortgages & Endowments
I have a mortgage free flat that is let and now i want some money out!

If the flat is worth £100,000 and is let, would it be likely to be able to extract £60,000 from a remortgage?

Ideally I would like to take out £80,000 but I am guessing this would be a struggle ?!

Thanks people

Replies

  • amnblogamnblog Forumite
    11.9K Posts
    Eighth Anniversary 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭
    possible, subject to...

    you will need a broker
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, 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.
This discussion has been closed.
Latest MSE News and Guides

Top savings accounts

Up to 1.7% fixed or 0.6% easy access

MSE Guides

24 craft beers for £26 delivered

Flavourly newbies only (norm £70ish)

MSE Deals