Remortgage/equity release.

893bet · 2022-03-28 13:17:27

Hi, I am mortgage free. Estimate house value in int reason of 250-300K. If i wanted to release some equity e.g 50-100K how much information would the bank typically want with regards to what I am doing with the money? Interested in buying some land potentially. Agri loan rates are 5-6% typically so remortgaging at a lower…

28-03-2022 01:17PM

#1

893bet

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Hi,

I am mortgage free. Estimate house value in int reason of 250-300K.
If i wanted to release some equity e.g 50-100K how much information would the bank typically want with regards to what I am doing with the money?
Interested in buying some land potentially. Agri loan rates are 5-6% typically so remortgaging at a lower rate against my house is more attractive.

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