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Releasing equity from a fully paid property to buy another one

elcamino70 · 2015-06-29 23:16:34

Hi all , I was wondering if anyone can help me with this . I have a city centre property worth 150000 which has no mortgage on it . Is it possible to release 50000 to put towards another home I wish to buy . Thanks in advance

29-06-2015 11:16pm

#1

elcamino70

Registered Users, Registered Users 2 Posts: 4 ✭

Join Date: June 2014

Posts: 2

Hi all ,
I was wondering if anyone can help me with this . I have a city centre property worth 150000 which has no mortgage on it .
Is it possible to release 50000 to put towards another home I wish to buy .
Thanks in advance

0

Comments

#2 30-06-2015 4:40am

jimmii

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Join Date: May 2007

Posts: 14604

Just apply for a 50k mortgage on it.

0