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  1. Hey all. We’ve recently spent the last year renovating our home and recently had it valued. We have a large amount of equity in it but have been advised that we can’t release any equity, only funds. Which means the bank can only lend us a limited amount, regardless of how much equity we have due to our earnings. Sounded strange advice? In order to pay all our renovation costs we are going to have to sell. We will have about £250k cash if we sell now. We will need £100K to renovate our next project at least. Is a £150k deposit too much if you want to do BTL? Renovating and BTL
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