Question about further advance

piotrdamek

Hello everyoneSo...I purchased my house for 2017 for 105.000.I did some work to it and in 2018 it was revalued at 137.000My 2 year fixed ends in August and my current bank revalues the house at 183.000. This is if I decided to stick with them for another two years and if they did not send any valuer to the house (checked with my mortgage provider twice whether that amount is correct and they confirmed). In this scenario I would have 35% equity in my house.  But... I'm looking to release some equity and purchase a BTL.If I were to accept this offer, can I contact the bank in 6 months and apply for further advance to release some of my equity? (Lower it from 35% to 20-25%).