When remortgaging if LTV is low can you take a larger mortgage?

[Blackrock1]

We have paid a lot off our mortgage over the past 5 years or so, we owe around 330k and the property is worth somewhere between 1.3 and 1.4m.

If i wanted 100-200k for an investment when remortgaging is it possible for me to take say a 500k mortgage or is that kind of thing gone now?

 

[RedOnion]

Its possible with the non Bank lenders; Finance Ireland, ICS.

The banks will only allow an equity release for specific purposes.

 

[Blackrock1]

I am not familiar with Finance Ireland or ICS, do they charge higher rates ?

 

[Gordon Gekko]

No actually, albeit there’s another thread about ICS discriminating against existing customers.