Discussion
CaptainSlow said:
Hi, looking for a remo on my residential and release some equity to fund a b2l at the same time. Current lender won't do additional borrowing for b2l purposes.
Is this possible, would a new lender be open to this? Would make a <60% ltv on the new loan.
Hi mate!Is this possible, would a new lender be open to this? Would make a <60% ltv on the new loan.
It's certainly possible. Some lenders will want to know more about the finer details such as if the new BTL will also have a mortgage (therefore impacting your affordability) or is it going to be owned outright etc.
Drop me a PM for a chat if you like?
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