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i understand how leveraging works to build an empire... but i cant seem to find information on how cash is trasfered around to a new scource. IE: buy at 100k at 75%/25% Do up and remortgage at 125K. Does the money get put into your bank account or does it have to be secured on a home. Sorry if this is a dumb question but i cant find a complete answer anywhere. Does the new lender give you cash and put it in your current account!?! I feel like a bit of a bone head asking this to be honest. Could some body give a 100K 75/25 example and explain the route and destination of the
Desperately seeking a financial wizard/accountant/bookkeeper to help me prepare for my first re mortgage to release equity for a self build / BTL strategy I have a salary of £26k incl overtime, plus around £20k of self employed + rental income (commercial property sub lets, lodger and parking) I've been doing my own tax returns for years and as I'm so conditioned into maxing my expenses to pay as little tax as possible, I feel it would be wise to employ a suitable wizard with a sound understanding of the current requirements of lenders to give me the best outcome. I need to be sure what