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Equity release
londonsw6
Posts: 29 Forumite
We have a house in fulham with alot of equity in it. Whats your guys best advice to release equity from the property. We're overseas landlords and the house is currently rented.
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Comments
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Sell it to release the equity.0
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Remortgage it?0
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We can't sell it because it's rented out for a year. What would be a good morgage and where would you go.0
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Would we have to be living there would it be hard to remorgage it.0
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Where are you living? Are you UK citizens? How much is the property worth? How much rent per month?
My well be one for a broker.I am a Mortgage AdviserYou 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 -
No you don't have to be living there.
Finding a BTL should be pretty easy. As you are living abroad that may complicate things. I would suggest getting a good Solicitor (not a conveyancer) and a good mortgage broker.
The broker should be able to advise you on any special requirements and how living abroad might affect things.0
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