Max ltv for a buy to let mortgage

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

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  • amnblog
    amnblog Posts: 12,412
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    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.
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