Hello All,

Please can someone give me some advice.

My father owns a mortgage free BTL property which is rented.

We would like to remortgage that property (which was valued at £220,000 a year ago but is undoubtedly less now) for between £100-150,000 to free up some money for a deposit so that I can buy a new property for me and my wife to live in. I would then pay my mortgage and also the 'new' monthly payments on my father's property.

What is the best way to go about trying to free up this cash please?

Thank you for your time.