Many of our clients wonder how they can use equity from their homes to purchase a buy-to-let investment.
If you have your own home, you may be able to release equity from it and use that as all, or part of a deposit for a buy to let investment! This will depend on how much available equity you have, but it could bring your buy to let plans forward.
Most mortgage lenders are comfortable helping you release equity for buy to let investment. Some require details of an onward purchase, but others don’t, which means you can raise funds quickly.
As brokers, we help clients do this all the time, so we can easily talk you through the process and explain all your options.
Is now a good time?
With a myriad of mortgage products coming to market, all competitive, and a growing number becoming available below 1% this might be a good time to consider raising capital to invest in additional property.
And even if you’re not capital raising, now could be a fantastic time to remortgage your home and save money on your monthly repayments.
If you’d like to discuss how we can support you, call our senior broker, Danny O’Keeffe on 0208 364 3444 or click the schedule a call button below to book a time slot.