When assessing your application, lenders will ask why you want to release equity from your buy-to-let property. They may consider: To purchase additional properties To improve or repair existing investment properties in your portfolio To consolidate business debt, or personal debt Although keep ...
Also bear in mind that the higher your loan to value, the higher the interest rates you’re likely to be offered, so don’t be tempted to release more equity than you need to. You’ll also end up paying more in interest over the life of the loan. Some of this additional cost may...
You also need to think about the equity that’s available in your property and how this could affect your loan agreement. If you do want to pursue this option, you should also look to use providers who specialise in such loans such as Ocean Finance. Equally, you can seek professional fina...
Also bear in mind that the higher your loan to value, the higher the interest rates you’re likely to be offered, so don’t be tempted to release more equity than you need to. You’ll also end up paying more in interest over the life of the loan. Some of this additional cost may...