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  • Property-a-holics

    Remortgage and release of funds

    How long is the offer valid for? Perhaps you have time to find a property.

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    My posts are not financial advice but often me rambling - passing time on a coffee break.
    Our team at Bespoke Finance offers Limited Company Buy-to-Let and Cheap Life Insurance.

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    Agree with this - as investors we rely on the brokers to provide the right advice and guidance to avoid or at least minimise such situations.....unfortunately I've had a similar bad experience too.

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    A quick update on this. Having stuck to our guns and suggested that they either need to give us an offer validity period or offer us a lower rate to reflect the improved LTV as a result of the built equity they have decided to release funds without a requirement to have a new purchase in place. I am surprised, but perhaps shows there is more flexibility than lenders will admit.

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