Hi
I have a property worth £200k, of which £180k is mortgaged My business partner has a property worth £300, of which £100k is mortgaged We are both willing to use the equity on these to secure finance for the following...
We would like to finance the purchase of an auction property which we wish to renovate and sell.
What options do we have for finance the purchase of the third property? Would a bank give us a mortgage secured under the equity held on our own properties?
Thanks