mildred t
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Remortgaging - take out equity now (for BTL) or later?
mildred t replied to mildred t's topic in Mortgage Advice
This is very helpful, thank you Stuart. We've decided to not do both at the same time though as we're not fully ready to get out buy to let (research into the area needed etc). -
mildred t reacted to a post in a topic:
Remortgaging - take out equity now (for BTL) or later?
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Hi all, My husband and I are looking to remortgage at the end of June when our two-year fixed term runs out. We also want to take equity out of the house (roughly £40k) to buy our first buy to let property. Is it better (i.e cheaper and easier) to take out the equity at the same time of remortgaging or to do it later? Does the timing make a difference in how much we'll have to pay back? Your thoughts appreciated. Thanks