Equity Usage
raj (PRO Member) Equity Usage
Posted: Feb 26 07 20:27
Total Posts: 0
Users Rating: unrated

Hi, I have just started to acquire props for BTL. In the future when these props have increased significantly, I know that I can re-mortgage to release equity. The question I have is what can I use this equity for so not to fall foul of the law. I would like to release some money for personal use (eg to pay off a big mortgage on my residence) but I am confused if this is lawful and I am getting conflicting messages from the Web. Raj

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