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Equity Release
for Let to Buy Property
There could be
a number of situations
when you need to
move house quickly.
Perhaps following
a job
relocation or if
you have found your
new home but haven’t
yet managed to sell
old one, or if you
don’t want
to be part of a
property chain.
The majority of
people however rely
on the equity
in their home in
order to buy the
new one.
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The easy way around this problem could be to re-mortgage your current home and release the equity to buy the new one. Your old home can then let to tenants to cover the increased mortgage costs. You then always have the option to sell the property further down the line. |
More and more mortgage companies are now
offering this type
of deal at competitive
rates. Many people
want to move house
but don’t
always want to sell
their current home,
however, without
access to the equity,
few people can afford
to buy a new home
outright. This can
make buying a new
home far simpler
without having to
rely on the sale
of your property
in today’s
market. This can
however, be a risky
strategy unless
your property is
already suitable
for rental and you
can find good tenants
quickly. Maintenance
and property management
costs should always
be taken into account.
To find out more
about releasing
the equity in your
home to buy a new
property, please
complete an Equity Release
Mortgage Enquiry
Form
above and we will
arrange for one
of our advisers
to contact you.
Or you could call
us on 0845
108 0505.
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