Remortgage question

[thebraketester]

Possibly a very silly question

Is it possible to remortgage to release equity to use as a deposit for another house?

Thanks.

[thebraketester]

Excellent. We have about 140ish in equity so wouldn't need to max it out but 50-60k would help towards a deposit.

We are just concidering the option of keeping our current house to rent out and buying a new place.

[thebraketester]

Sarnie said:

Rangeroverover said:

I would leave it 6 months between drawing the money down and buying something new.

Many mortgage companies don't like a "borrowed" deposit and you will get "computer says no"

Not so.

Cool. We are a while off yet. Probably looking st next year I would have thought.