I'm thinking of releasing some of the equity in my existing home to buy another property abroad? How much would I get, given that its worth about 230k and has about 100k outstanding on the mortgage? cheers
For any lender to give equity release one must have a means of repaying!! Few lenders here give loans on foreign property. Even when they do, it's a maximum of 70% approx. If you want to release equity in order to rent your own house and move abroad, that might be a different story. Check with a broker.
Best one yet... have things changed so much with regard to credit that we really reckon this would work; "Hi Mr Bank Manager, i'd like to jack in my job and get another big loan from you to buy another property abroad at the same time. How about it?"