You are reading a single comment by @Hovis and its replies.
Click here to read the full conversation.
-
Yep, BTL to extract equity, it's termed "Let to buy".
Market is bad for selling, but good for buying, so in my mind it makes sense to try get a good deal on a place we like, and try selling ours at a future date. Mind given the current doom and gloom house prices could drop and this all goes tits up for us. But hey ho, life's a gamble.
Dream owners are in a bind, are emigrating due to an unexpected sick relative and need to sell up to go.
Hovis
So what then? Just sell the place. Or are you using a BTL re-mortgage to extract the equity you need?
If the market is so bad, can't dream home owners wait for you to get a sale?