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Showing results for tags 'funds'.
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Remortgaging to raise funds
harryl posted a topic in Mortgage AdviceHi, I am looking to remortgage my only BTL property with the intention of buying a second BTL property. I have begun the process with Barclays through a mortgage advisor. The problem is that they cannot give me a mortgage offer until I have found a second property that I wish to purchase. Is this normal? I want to remortgage my current property on a specific date at the end of the current term (in a few weeks) to avoid going onto the SVR. I don't understand how anyone can find a suitable property with that kind of time constraint. Is this normal when trying to raise funds by remortgaging? I had assumed they just send the money to your bank account when the mortgage goes through, and then you are free to buy the right property when you find something suitable. Is this normal? Is there any way to get around this? I'd be very grateful for any help. Thanks, Harry
Hello Everyone, I am planning to embark on a BTL journey via the SPV company route. I have got enough funds in my limited company to cash buy 1-2 properties but am a bit unsure about the best possible way to transfer the same into the new SPV. Any advice would be highly appreciated. Thanks in advance, Arunjay