Releasing locked-away equity from your portfolio with second charges
  • 21/06/2017
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Releasing locked-away equity from your portfolio with second charges

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Descripción de Releasing locked-away equity from your portfolio with second charges

(Want to get each episode sent automatically to your phone or iPod? Click here to learn how to subscribe.) If you own your own home or have buy-to-let properties, you might find yourself with equity you can’t access – due to redemption penalties or too-good-to-lose mortgage rates, for example. By unlocking that equity, you could grow your portfolio faster – and in this week’s episode, I speak to mortgage advisor Dave Cookson about a relatively little-known way to do exactly that. Listen to this week’s show and learn: What second charges and further advances are (and what the difference is) Three different situations where they can come in useful What makes them better than just taking out a new mortgage How you can use them to radically reduce your finance costs (including one case study where the investor saved over £10,000!) The downsides and considerations to be aware of What information you should have before contacting a broker Contact this week’s guest You can contact Dave on 0161 959 0166 or email him at david@tcfs-web.co.uk   Thanks for listening! If you enjoyed the show, could you help me out? I’d love it if you could tell a friend about The Property Geek podcast – you can use the buttons below to share it by email, Facebook or Twitter. You can also leave an honest review on iTunes. Every review helps move the podcast up the rankings for others to find, so you’ll be doing me a big favour. The post Releasing locked-away equity from your portfolio with second charges appeared first on Property Geek.

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