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Releasing money when remortgaging
Comments
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Thanks for the reply. The bank suggested that the purpose of releasing the equity was important basically meaning that straight cash wasn't an option. Maybe a sensible view for the home you live in and paying the mortgage off of, but it doesn't seem to figure in relation to a buy to let as it more tax efficient for the equity in the property to be as low as possible.
Future taxation changes announced in the July budget has moved the goal posts. Lenders will likewise take a more conservative view in light of the new measures going forward. As there's inevitably going to be more financial stress for some borrowers.0 -
Sounds like I need to discuss with a broker, although Metro are probably the way to go, certainly most straight forward0
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