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  1. Hi all I'm looking for some advice on behalf of a friend who is based in Scotland near Edinburgh. He owns his own home, with around £300k equity. In the medium term, he's looking to move house so will likely be selling in 1-2 years, but would like to borrow against it to finance the development on an investment property. The loan would be in the region of £100-150k once he has finalised the details, so plenty of equity still left in the house afterwards. Normally I'd lean toward suggesting that he go for a standard remortgage, but with the plan to sell up in 1-2 years (and potentially even shorter) I wonder if he'd be better to take a second lien type loan so as to avoid getting on the wrong side of the bank. His strategy for repayment will be to clear the mortgage (and loan if applicable) when he sells the house as he plans to move to a lower cost property that will need minimal, if any financing. Thoughts please? Either of us would be happy to speak to a broker who specialises in this type of product (and covers Scotland) if anyone can point us towards a good one. I personally won't have any involvement in the transaction, I'm merely helping as I have a financial background (albeit not in residential property as is clear from my lack of knowledge!) Thanks Paul
  2. Hi all, Does anyone have experience of leveraging a second charge on their own residential home, with the view of releasing equity to invest, and also remain living in that property? Thanks.
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