Advice on a interest only mortgage



New Member
Am looking for advice. I have owned a two bed flat in Acton West London since 2005 initially buying for 225k its now valued at 550k with a few years on the deal. Due to the pandemic my work as a photographer was non existent for 16 months so am in arrears by 13k. I have the flat on the market so if it sells for around the asking price i'll be left with 300k! I won't be able to buy anything in London as my credit rating has been shot to pieces in the last 16-2 years. What would you do? Invest in property by buying a refurb and get the ball rolling? I've considered doing this as i wouldn't be able to get a mortgage only buy and do up and sell? Any ideas of any other options open to me?