Remortgaging a Buy to Let Property to Release Equity
The economic crisis has meant that property prices have fallen considerably and an increasing number of landlords are remortgaging their buy to let property to release some equity so that they can add another property to their portfolio. We can provide you with all the information you need on remortgaging a buy to let property to release equity. Some landlords need to release equity from their investment properties so that they can clear other debts. We would advise landlords to review their property portfolio from time to time as it is possible to save on mortgage costs.
While the base rate remains low it is a good time to remortgage a buy to let property as many lenders are currently reviewing their rates. Although the arrangement fees on buy to let mortgages can be expensive we often build these costs into the client’s mortgage. Even though property prices in many areas have dropped considerably, we can help you recognise that it might be better for you to refinance than to sell, over the long term. The fact is that when you remortgage to release equity for whatever reason the rent will continue to pay for the mortgage and because the money you get will be from realising the equity there will be no capital gains tax. We provide remortgages on buy to let properties for landlords who wish to release equity from the property or clear some debts. Why not get in touch to see if we can help with your buy to let remortgage
