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Equity release out of residental for a Buy-to-let

vasanthan
vasanthan Posts: 3 Newbie
edited 27 June 2015 at 11:51PM in Mortgages & endowments
Anyone know any lenders who will do a remortgage (equity release of) of a residental mortgage to purchase a buy to let?

Thanks in advance.

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Don't lie on an application. Find the corect lender for what you are looking to achieve.
    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.
  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    As Nationwide, for example, won't allow capital raising for BTL purchase, some lenders should be avoided as they will carry out checks to ensure the funds are used for the purpose for which they are allegedly being borrowed.

    There are plenty of lenders who will do a remortgage for capital raising for this purpose, so lying would be unnecessary and foolish, IMHO.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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