Remortgaging property whilst living out of the country
Discussion
Hi all.
Looking for advice/experience of remortgaging a property whilst living outside of the country.
Due to my wife's career, we find ourselves overseas (still part of the U.K.) and I am just wondering where I stand with this?
We have done enough work to one house to make it gain 'value' which would affect the LTV by quite a large amount.
I am open to borrowing more against that house, or even if we don't borrow more, I'd like to remortgage at the end of my 2 year deal as I believe a better rate will be secured.
There's also a BTL which we'd like to get our money out of. Am I right in saying it's 6 months of ownership before any borrowing against a property is possible? And as per above, not being in mainland U.K. - would that be a problem?
Thanks in advance, Stuart.
Looking for advice/experience of remortgaging a property whilst living outside of the country.
Due to my wife's career, we find ourselves overseas (still part of the U.K.) and I am just wondering where I stand with this?
We have done enough work to one house to make it gain 'value' which would affect the LTV by quite a large amount.
I am open to borrowing more against that house, or even if we don't borrow more, I'd like to remortgage at the end of my 2 year deal as I believe a better rate will be secured.
There's also a BTL which we'd like to get our money out of. Am I right in saying it's 6 months of ownership before any borrowing against a property is possible? And as per above, not being in mainland U.K. - would that be a problem?
Thanks in advance, Stuart.
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