thebigsmith
Registered User
- Messages
- 2
Age 38: Salary 88K Public Sector
Partner: 60K Private Sector
PPR No Mortgage value 230K
Investment Property 1: Value 275K Mortgage Left 100K Tracker
Investment Property 2: Value 100K Mortgage Left 20K
Investment Property 3: Value 70K No Mortgage
Investment Property 4: Value 60K No Mortgage
Total Rental 31.5K Per year
Total Mortgage Repayments 18K
Looking at a 5th Investment property cost 380K rental 25K. This would bring rental to 56.5K and increase mortgage to 42K
Questions is are there any banks doing equity release on a scenario as outlined above to raise deposit to purchase the property above.
Thanks in advance.
Partner: 60K Private Sector
PPR No Mortgage value 230K
Investment Property 1: Value 275K Mortgage Left 100K Tracker
Investment Property 2: Value 100K Mortgage Left 20K
Investment Property 3: Value 70K No Mortgage
Investment Property 4: Value 60K No Mortgage
Total Rental 31.5K Per year
Total Mortgage Repayments 18K
Looking at a 5th Investment property cost 380K rental 25K. This would bring rental to 56.5K and increase mortgage to 42K
Questions is are there any banks doing equity release on a scenario as outlined above to raise deposit to purchase the property above.
Thanks in advance.