Raising Capital

Posted on 15 June 2017 by Tom

I own my property outright and would like to take out a mortgage to raise capital.. how do i do this? Tom

Hi Tom,

Capital raising on an unencumbered property is a relatively straight forward process, though it can be slightly restricted by the purpose you want the money for and the loan to value. Basically a lender would assess your application based on your income, age & term, reason for borrowing, previous credit history, etc... and as long as you meet their lending criteria, then there's no reason we shouldn't be able to get you the mortgage you need.

If you'd like to run through your options in more detail, then please contact one of our consultants on 0344 346 3672 and they'll be able to give you a more detailed idea of exactly how we can help.

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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