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Started by loanarranger, 23-12-2015, 19:43 PM
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Started by loanarranger, 13-12-2019, 09:28 AM
Started by Bricko7, 10-12-2019, 04:22 AM
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Started by Clulass, 17-10-2019, 08:40 AM
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Started by GaryE, 04-12-2019, 15:20 PM
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Started by Clulass, 05-12-2019, 11:35 AM
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Started by Parchester, 04-12-2019, 14:21 PM
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by Kape65
 
Started by Gwillis, 30-11-2019, 22:26 PM
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  • Equity release
    by Bricko7
    Hi everyone.

    So I have a house with about 90,000 of equity in it, which is about 70% of the value. One option I have is to release the equity as it is rented out and I don't want to selll.

    I am half way through a 2 year fixed term on the mortgage. So if I release equity will...
    10-12-2019, 04:22 AM
  • Reply to Equity release
    by loanarranger
    Equity Release loans do not extend to Buy to Let Mortgages given that such borrowings are deemed Non Regulated by the FCA Whilst Residential Homeowner Loans are Strictly Regulated and why only Brokers with the relevant qualifications are permitted to advise and arrange such facilities with lenders.
    12-12-2019, 04:41 AM
  • Reply to Equity release
    by Gordon999
    If you are part way through an existing fixed term mortgage, you should want till nearer the end of the term before re-mortgaging.

    Equity release is only for those who have no income to pay interest on a normal mortgage loan.The interest rate charged is higher because the lender has...
    11-12-2019, 02:54 AM
  • Reply to Equity release
    by loanarranger
    Firstly are we discussing obtaining a further advance from the current lender , obtaining a second charge mortgage from a third party provider , I am a little confused; I am also assuming that the present loan is a Non Regulated mortgage as opposed to a Residential Homeowner Mortgage but where the property...
    10-12-2019, 07:59 AM
  • Reply to Borrowing against property to invest in shares etc
    by theartfullodger
    Indeed: I have experinced B0E interest rates hitting 17% (yes you read that right, under Thatcher...) and a price collapse during divorce divestment - both were ...err... painful: (the money position, not the divorce..)...
    09-12-2019, 15:52 PM
  • Borrowing against property to invest in shares etc
    by Clulass
    New here, just wondered what people in property thought about borrowing against a BTL property, to invest in shares (either plcs or start ups) - so relatively risky but big growth potential.

    Is it a totally crazy idea, or perhaps not, if you can afford the interest payments, and you accept...
    17-10-2019, 08:40 AM
  • Reply to Borrowing against property to invest in shares etc
    by doobrey
    Depends on circumstances, I guess. I was talking to brokers about extracting equity from my property for investment and I was being told no because it would be viewed as a good money-laundering strategy (i.e. buy for cash -> remortgage) and therefore they would be on the wrong side of AML rules....
    09-12-2019, 15:09 PM
  • Reply to Retrospective sub-division of a HMO and financing/refinancing strategy
    by loanarranger
    Can I make a slight correction Gordon to your last post and without wishing to sound clever;you are indeed correct regarding the possibility of the lender not allowing any flats to be extracted from the title but the possible exception is if the value of the Freehold plus the value of the remaining...
    07-12-2019, 14:13 PM
  • Retrospective sub-division of a HMO and financing/refinancing strategy
    by GaryE
    I have 5 self-contained bedsits and 1 x 1 bedroom self-contained flat all contained within a single HMO property. There is a shared kitchen and lounge and I have a HMO license and certificate of lawful development (change of use C3 to C4). My strategy is to wait 3 more years and get retrospective planning...
    04-12-2019, 15:20 PM
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