memond1 Posted October 2, 2006 Report Share Posted October 2, 2006 Hello, Over the last couple of years I have been buying property and getting a buy to let mortgage with me having to put down 15%. I have now run out of money to fund another deposit but I heard some where that you can do it without deposits or even take money back at of your other properties. Is this possible? Thanks Martin Link to comment Share on other sites More sharing options...
GPEL Posted October 3, 2006 Report Share Posted October 3, 2006 Release capital by re-mortgaging if viable, there are other methods incuding: no money down on new builds which involves specialist lending, deposit on interest free/low interest credit cards, syndicated purchases etc however, numbers need to stack up and you need to accept higher risks. Helps if buying on a rising market, just re-mortaged a house for £85k that cost £55k 2 years ago. Possible to buy books on no deposit down methods but take some(most) of the advice with a pinch of salt. Link to comment Share on other sites More sharing options...
Reg Posted November 2, 2006 Report Share Posted November 2, 2006 If you have now run out of money to fund another deposit perhaps you are stretching yourself too thin and should consider waiting until you are in a better position financially to fund another purchase Link to comment Share on other sites More sharing options...
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