R
richo106
New Member
Hi
I currently have one BTL property with interest only mortgage and my home with repayment mortgage, I was exploring ways of how to get more capital to invest in more properties and my mother suggested putting her house (no mortgage) in my name in which i could remortgage it to borrow a lump say 100-120k on interest only and then use this lump sum as deposits for 3/4 further investment properties
Is this even possible? what implications or problems could there be?
Also who would be the best people to give me advice on this situation?
All help and advice greatly appreciated
Thanks
I currently have one BTL property with interest only mortgage and my home with repayment mortgage, I was exploring ways of how to get more capital to invest in more properties and my mother suggested putting her house (no mortgage) in my name in which i could remortgage it to borrow a lump say 100-120k on interest only and then use this lump sum as deposits for 3/4 further investment properties
Is this even possible? what implications or problems could there be?
Also who would be the best people to give me advice on this situation?
All help and advice greatly appreciated
Thanks