What are the common pitfalls or hidden costs I need to be aware of when remortgaging a portfolio of properties to release equity for a large-scale renovation project, especially regarding arrangement fees and early repayment charges?
Quick Answer
Remortgaging a portfolio for renovation requires careful financial planning to avoid high arrangement fees, early repayment charges, increased SDLT, and higher BTL mortgage rates.
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Remortgaging a property portfolio for renovation? Learn about common pitfalls, arrangement fees, early repayment charges, and tax implications in the UK.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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