Ian999
01-06-2006, 14:52 PM
Hi,
Wondering if anyone can help. I have heard that some investors are able to purchase a property through a BTL, putting down a 15% deposit. However, they are then able to remortgage/take a further advance within 30 days of the initial mortgage. All the mortgage companies I have tried require a minimum of 6 months wait before you can revalue a property and take money out of the equity (all this is assuming that the property was initally bought below actual market value, e.g. property bought for £200k, but has a market value of £250k).
I would appreciate it if anyone coul tell me which companies do this.
Thanks
Wondering if anyone can help. I have heard that some investors are able to purchase a property through a BTL, putting down a 15% deposit. However, they are then able to remortgage/take a further advance within 30 days of the initial mortgage. All the mortgage companies I have tried require a minimum of 6 months wait before you can revalue a property and take money out of the equity (all this is assuming that the property was initally bought below actual market value, e.g. property bought for £200k, but has a market value of £250k).
I would appreciate it if anyone coul tell me which companies do this.
Thanks