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Remortgaging BTL
Gam2015
Posts: 162 Forumite
Hi isit possible to release equity from my BTL property, current mortgage is £33k on the house worth about £80k, so isit possible to remortgage for £60k leaving 25% equity init and releasing funds. Thanks
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Comments
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Yes, subject to the rent being enough and the applicant passing the affordability and credit checks.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
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