Hi,

Basically I currently joint own(my brother who also owns another rental property in uk and abroad)1x rental property which purchased 138k on 90% chl mortgage 2 year fixed rate now up ,its fully tenanted.Looking for new mortgage only obviously the main issue being the current max ltv being up to 75% on market.Thinking is there some creative way around this somehow??
Mostly be on a self cert agenda income wise.My opinion based on the properties in the area generally say property has kept its value.Would be nice if we had benefit of equity tied up in it.

Many thanks
Paul:)

Hi InvestorNorthWest,

I'm afraid theres nothing that can be done in this situation.
Unless you can pay off some capital and reduce the loan to value to 75% you wont be able to remortgage at the moment.

Sorry
John