Hi,
New member looking for advice please!
I currently have a property with a value of approx. £325K and a mortgage against it of £167K. I would like to use equity in this property for a deposit to buy another property for BTL and then let out both properties?
Proposed rents £500 and £800.
That is the plan in my mind, is it possible to do with those figures?
I hope this makes sense.
Regards
Michael
New member looking for advice please!
I currently have a property with a value of approx. £325K and a mortgage against it of £167K. I would like to use equity in this property for a deposit to buy another property for BTL and then let out both properties?
Proposed rents £500 and £800.
That is the plan in my mind, is it possible to do with those figures?
I hope this makes sense.
Regards
Michael