Can I Remortgage To Buy Another House?

Yes, however, the outcome will be driven by multiple factors such as; loan to value, mortgage affordability, purpose of the new property and general criteria. With mortgage interest rates remaining low, even following the Bank of England base rate increase in the UK, now is a great time to remortgage to release equity within your property.

Different mortgage lenders will allow you to release equity of varying amounts. Some will max at 80% LTV (loan to value) on a residential basis, whereas some can support you up to 90/95% LTV - meaning you release more and have a larger deposit for that next property.