Help to Buy equity loans: the basics. This is a common strategy used by property investors to grow their portfolios. With rental property in high demand in many parts of the UK, the buy to let market has been growing significantly in recent years. There are 2 main options when you want to let out a property with a residential mortgage on it – either you obtain consent to let from your current lender, or you remortgage onto a buy-to-let product. by Jennifer Stevenson . For example, to redecorate or remodel your home, build an extension or use the money to invest elsewhere, such as a buy to let. Remortgage to release equity. Name * First Name Surname. Whatever your reasons for needing to raise capital, a remortgage to release equity may be an excellent option for you. Remortgage. It’s common to release additional equity from your property by remortgaging for an amount greater than your current outstanding mortgage balance. The decisions that you make now can affect your financial situation for years to come. If you have enough equity in your home, you may be able to remortgage it to release some equity to provide you with a lump sum. Email. Do you want to pay off this mortgage or is it your intention to sell the property at some point in the future. This will allow the landlord to release equity from their buy to let property and and use the released funds to purchase another buy to let property. If you want to let the property, you will need to a buy-to-let mortgage. If you subsequently remortgage this property further down the line it would be treated as a normal buy to let remortgage as it is currently let out. Never rush into the decision to remortgage to release equity. Releasing equity from the property with a Buy to Let Remortgage . twitter- facebook-googleplus-linkedin-A s one of the largest financial consultants in the UK we consider it our responsibility to ensure that our customers have access to the all the information they need in order to make educated decisions about their property and financial options. 28-September-2020 10:29. in Mortgage. If you're looking to compare equity release mortgages and find the best interest rates on equity release, use our equity release comparison table above. Another advantage to a buy to let remortgage beyond just being able to purchase other property is the ability to build an emergency fund to protect yourself from volatility in the housing market. It shows you the size of the loan you can get, the loan to value (LTV) ratio and the best equity release … But you need to think carefully about whether it’s right for you. When buying a new property to let, trying to get the best possible mortgage deal is a given. You remortgage your existing property onto a buy-to-let basis so that you'll be able to rent it out to tenants. The equity people release is often used to make home improvements, consolidate debts or they remortgage to purchase of another property. There are a variety of different reasons why people decide to remortgage their buy to let property. So, you remortgage to a let to buy in order to release equity from your current property and provide the deposit for a new residential property. With any remortgage, the answer to whether or not you will be accepted lies in your ability to afford or repay the loan, as well as any risk involved to the lender. Advantages of a remortgage include releasing equity in your house to do home improvements but also allow you save on repayments with lower interest rates when you refinance. 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