This is a question I hear time and time and time again. Can I buy a property, refurbish it, and then recycle my funds by remortgaging within 6 months? For a long time the answer was no. More recently, more and more lenders have started to change their criteria to allow you to refinance earlier than 6 months, however, there are some conditions to this, which really don’t help when you are looking to buy, refurb and refinance, recycle your cash and go again. The loan would be based on the purchase price, or, if you’re lucky, you might get it based on the purchase price, plus the costs of the refurb.
So, how do you actually pull your money out?
Check out the video and find out how I’ve helped my clients refinance, based on open market value, and building that portfolio!
