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FinancingA British property investment requires a considerable amount of cash (see Cash-flow). However, in case you do not have sufficient cash available in the form of stocks, bonds, or bank deposits, you should be aware that it might be possible to use the free equity in your home to raise the necessary cash. The difference between the remaining mortgage on your home and the property value is your free equity. You may convert that free equity into cash by way of increasing your mortgage. This is also known as Mortgage Equity Withdrawal.
If you wish to raise cash by way of Mortgage Equity Withdrawal, you should contact the bank or lender that handles your current mortgage. |
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