Discussion
HandsomeBob said:
Hi all,
Quick question, I had a mortgage limit of £110k and purchased a property for £150,000 and put in the additional £40k cash. Could I effectively remortgage based on the value of the property (circa £150k) and pull out some of the equity?
Many thanks,
Bobski
Yes you could, up to 90% of the value of the property depending on the reason for the capital raising and being able to satisfy the remaining lending criteria, mainly affordability and credit score.Quick question, I had a mortgage limit of £110k and purchased a property for £150,000 and put in the additional £40k cash. Could I effectively remortgage based on the value of the property (circa £150k) and pull out some of the equity?
Many thanks,
Bobski
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