If you are thinking about raising money on a BTL property that you own, have you considered using a 2nd charge lender? The second charge market place is becoming more appealing to some borrowers who are looking to raise finance for other projects or refurbishment work. There are some great deals available upto 80% LTV with some lenders even offering a scheme where you don't have to make any monthly repayments, you just pay the loan and the interest back at the end of the term. If you would like to find out more please get in touch.
2nd charge lending is arranged by introduction.
Using the right tool for the job is equally important when arranging finance on your investment properties. Cutting corners and not using a mortgage product where the lenders are happy for you to let out your property on a room by room basis could lead onto all sorts of problems in the future. If you want to talk to an expert in this field field, please get in touch. We have been helping property investors expand their portfolios in this market and have access to specialist lenders who are more than happy for you to let out your property on a room by room basis.