Hi, my OH and I purhased a property a couple of weeks ago, it was a cash sale as it was not mortgagable, no sink or bathroom. We have now renovated the property and are looking at ways of releasing our capital. Could anyone give us some guidance on the best way to do this. As we own the property already can we still apply for a BTL mortgage on it? Thanks in advance.

quote:

Originally posted by lamby:
releasing our capital.

Is that what we used to call "taking out a mortgage"?

Not quite sure what you are trying to say?

You can release funds from your cash bought property but you will need to shop around for the best deal and in today's financial climate it will cost you to release that equity.
Mel.

I know this is probably an obvious one, but given that property prices are only going to go down for another couple of years how about just selling in now, and investing the money somewhere else, where you are likely to see an increase? gold / oil