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Use Equity or Mortgage to buy??

M

Muse

New Member
Hi,
I've spent the past few years renovating my first house, large property, and just sold for a £120k equity profit UK.

The market seems to be sky-high at the moment! I obviously need a new home, so unsure if I should use the equity towards my next home and mortgage the rest. Or maybe use minimum for a deposit on my new home, and use the remaining equity to flip up a second house to sell. Been reading on the Brrr method, using a bridging loan.

I just don't know what's the most logical and intelligent way to go!


Any advice would be greatly appreciated.
 
B

bhupinderbhatti

New Member
Both home equity loans and mortgage loans have their own set of benefits. All you need to do is choose a plan depending on your requirements and financial planning.
 
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