Moving BTL mortgage

You are here : Member Forums General Discussion Moving BTL mortgage
This topic has been locked as no posts have been made within the last 90 days.
J
JK2447
52 Posts
6 Thanks

Hi All, I am currently having a whale of a time with HSBC, with them not calling me back, giving me conflicting advice etc etc.

I am considering moving my small BTL mortgage to a new provider but I'm unsure of a few things, and hopefully some of you have done this and have the T-Shirt pretty please

1) How long does it take to move a BTL mortgage?
2) I'd like to release some of the equity to buy myself a new house, does this change anything? Mortgage is 29k, only worth 75k according to the bank, I'd like to lend 50k and get £475 a month rent, so I think all of the numbers stack up
3) Do I need to pay conveyancy fees to move a mortgage? I wasn't sure as we own it now, probably do but just checking

Any advice would be much appreciated. My HSBC mortgage is outside of any fixed period so no worries there. I apprecaite this is pretty small fry in the scheme of things

Thanks

19/07/2018 13:36

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page