Can I use the equity on my home as a deposit for an investment property?

Yes, if you have sufficient equity in it. To get a buy to let mortgage you will need to provide a deposit of at least 15-25% of the purchase price. To raise the finance using your home you can either ask your current lender for a further advance on your existing mortgage or you can remortgage your home to access sufficient funds. In both cases the lender will require your home to be formally re-valued.

Remortgaging to access equity is a common strategy used by property investors to grow their portfolios. However, to work out which route is best for your circumstances, talk to a buy to let mortgage broker who can do the calculations for you.

Get in contact with us: 0345 345 6788 or ...

Submit an enquiry
Arrange a call back