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Tag: equity deposit

Using Equity from Another Property as Deposit

Understanding Equity Deposit Mortgages An equity deposit mortgage allows homeowners to leverage the equity in their existing property as a deposit for a new mortgage. This financial strategy is particularly beneficial for those looking to purchase additional properties without the need for substantial cash reserves. By using equity, homeowners can access funds tied up in […]

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The advice we give is not FCA regulated. Broker fees: All applications have a non-refundable booking fee of £599. Buy to let mortgages have a completion fee of up to £1,999 for loans under £500,000 or 1% of the loan amount for loans over £500,000. Bridging and Commercial mortgages have a completion fee of either £3,499 for loans under £350,000 or 1% of the loan for loans over £350,000. Booking fees are payable on submission. Completion fees are payable after the mortgage completes, or if you opt not to proceed with a mortgage offer that you previously accepted.

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