UK BTL Portfolio

Posted on 5 August 2012 by steve

I hold a mortgage on my mother house. I lent her 150,000 pounds over the years and as she had no way to repay i was advised that becoming the note holder was the only way of guaranteeing the money against her only asset. Is there anyway that i can use this note to borrow against? I also own a number of other properties in the UK, totaling 12 with a total portfolio value of 2.5-3 million of which I own 1 million, again any advice o releasing some of this money.


I am not aware of anyone who is going to lend against the note that you hold on your mother's house.

With regards to your portfolio it should be possible to release up to 70% of each property's value.  This is slightly lower than normal because you are based overseas and the actual amount will depend on the amount currently outstanding, the rental income and whether or not it is worth remortgaging away from your current mortgage deal.

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 tell the consultant the date and title of your question, they will then be able to help you find the right mortgage for your situation.


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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