Can I remortgage?

Posted on 28 October 2011 by adeola


I am a Nigerian citizen

I bought a property to let in the UK 2 years ago with cash but now want to remortgage to take out 50% of the value of the property so i can buy a 2nd house.

Please advise is there a lender that will remortgage for me?

Adeola

The answer to this will depend on your personal circumstances, such as where you live, what your occupation is and how credit worthy you are.  It will also depend on how much rent you are receiving in comparison to the anticipated mortgage payments and whether or not the property offers adequate security for a mortgage.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and be prepared to tell the consultant your personal details, they will then be able to advise you on your situation.

Peter

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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