My existing BTL mortgage has 18 months left on the fixed term. Should I wait until the term ends or pay the ERC to remortgage now and release equity, given the current mortgage market and product availability for further purchases?
Quick Answer
Assess if the equity release and securing a new rate now outweighs the ERC, considering current BTL mortgage rates and market conditions for further property purchases.
About This Topic
Should you remortgage your BTL property with 18 months remaining on your fixed term? Weigh ERCs against releasing equity for growth and securing new rates. Get expert UK property advice.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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