Thank you both for your replies and apologies for taking so long to get back to you. We were trying to see if it was a viable option more than anything; we have since spoken to a number of mortgage brokers and are going down the normal BTL mortgage route! Best wishes and thanks again, Eifion
My mother owns her own home outright which is worth about 110K. We are looking to invest in BTL together and have 60K capital between us; how do we go about releasing the equity in my mother's home so we can use the capital to cash-purchase a BTL property? Any advice greatly appreciated!