Note figures are a general idea.
So I want to buy a new house thats 300k. I already have a house that's worth approx 185k and only have 10% of a 130k mortgage left to pay on it. Ive been asked if I would be willing to rent mine out instead of selling up.
Can I release the full equity in order to sub the funding on buying the new house? Ive rung the bank and they said I cant, so just wondering how I would do it.
I know its quite a vague question and open to answers. Advice much appreciated.