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Using personal loan to buy further property

Jay 556

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Evening all


Ive been offered a holiday let which im keen on taking, it requires more capital than ive got so im considering using a personal loan towards the deposit.

Ill take a loan of £25,000 combined with £17,000 re mortgage funds from another property.


Does anybody know if this is going to raise any problems with either the brokers or lenders? 







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As far as I know, most lenders won't accept another unsecured loans (credit card, personal loan etc) towards your deposit fund. Equity release from another property should be fine. Hope your broker is a friendly one who can guide you to the right path.


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  • 5 weeks later...

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