Im hoping that someone here can tell me if this is possible and how best to go about it.

Myself and my partner are both IT contractors working through seperate LTD companies,he has 3 years accounts and I have 2 - income is approx 50k each per annum.

He has a flat with around 75k equity, realising 45k of this this would leave him with a 75%LTV (i think)I have a flat with approx 0-20k equity - we are both due to come off trackers in Sept and go onto SVR'sand we both have good credit history and no other debt.

We would like to jointly buy a barn that has all planning permissions in place for 380,000to do this we'd like to release 45k of equity in my partner's flat and then rent it out. It's in East Londonand not to far from Stratford so we'd like to hang onto it, renting would cover the new 75% LTV mortgage.

Im considering selling my flat if that would free up 20k if that doesnt work (market etc) then i could rent it to cover the existing mortgage. I could hopefully still raise 20k to put towards the barn and by living on site both of our wages wouldgo towards the new property.

We'd then have 65k to put towards the initial purchase and hoping to get a mortgage of 85% LTV the few k left over would go towards fees / stamp duty. (barn conversion building costs are excluded here)

Does this sound feasible? we may be able to raise a larger deposit but not counting on it.

Thanks for any advice.