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Want to refinance our house, need advice.
londonsw6
Posts: 29 Forumite
Our family has a house in Fulham, the house is worth about 2.2 million pounds,we have a morgage of about 250k pounds. We just Renovated it and rented it out for 1200 pounds a week. What we want to do is take cash out and buy other properties, 1 bedroom flats to maximize out rental yield. I just want to know whats the best way to do this, we're overseas landlords. I have my british passport we all lived in the house until 1990, then moved to california, any advice would be greatly appriciated.
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You would need to find a broker that specialises in ex-pat BTL mortgages.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, 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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