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Using existing property to buy another
rmb123
Posts: 2 Newbie
Hello there. I have an existing mortage-free property which I let out and am looking to buy another to live in. Is there any way that I can use the first property to improve the offer that I can get from lenders or to increase the possibility of being accepted by a lender?
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Comments
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Only by raising cash against it via a mortgage.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.0
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