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What is home equity and how can you use it?

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If you are thinking about your retirement, you may be looking at purchasing an investment property. Or perhaps you would like to purchase a second property for a family member.

Either way, If you’ve already paid off a portion of your mortgage, and given that property values have increased, you may be able to use this equity (the amount between what you owe on the property and what it's worth) to purchase a second property.

When purchasing a second property it’s important to consider your options carefully and know exactly what you’re doing.

Engaging an experienced and well-connected mortgage broker can help.

Our mortgage advisor can help you work out how much you can borrow so you can make sensible and realistic choices about the kind of property you can afford.

Want to find out more? Simply give Mark Jones a call on 0800 404 202 or send him a message