Find out how much capital you can raise

If you are looking to raise money from your property with a buy to let remortgage, input your property details for an idea of the maximum amount you can raise.

PLEASE NOTE: This calculator is for guidance purposes only. It makes some basic assumptions, such as your lender requiring a minimum rental cover of 125% of the monthly mortgage repayments at 5% interest per year, and does not take into account product fees and other switching costs. Contact us for a detailed illustration.

Remortgage a buy-to-let to release equity

By borrowing more against your buy to let property, you can release funds for almost any legal purpose, including property improvements, purchase of new properties, debt consolidation and personal use.

Buy-to-let equity release for property improvements

Many lenders will allow you to raise capital to perform remedial works such as renovations and repairs on the security (the property from which you are releasing funds). Some may allow you to raise capital in order to renovate or repair other properties.

Release equity for buy-to-let purchases

You can release capital from an existing property in order to fund further investment purchases or raise deposits for new acquisitions.

‘Recycling deposits’ in this way is a popular method of expanding your portfolio, and if done correctly can help you make more money from buy to let.

More information on building a property portfolio.

Debt consolidation

Debt consolidation BTL mortgages allow you to repay some or all of your existing debts using the capital released from your property, replacing your existing repayments with a single monthly mortgage repayment.

The single mortgage payment may be cheaper and more manageable than your other debts; however, as a mortgage is usually a long-term debt, you may pay more in the long run.

Think carefully before securing further debts against your property. Your property may be repossessed if you do not keep up repayments on your mortgage.

Raise capital for personal use

Between all lenders’ criteria, you can release funds from your buy to let property for almost any legal purpose. Lenders commonly exclude the following:

  • Business purposes
  • Fines
  • Gambling debts
  • Tax

However, there are exceptions to every rule and even if you wish to raise capital for these purposes, we may be able to help you.

For a full assessment of your circumstances and discussion about the remortgage products on offer, apply now for a mortgage or call us on either of the numbers above.

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