T
trucker
New Member
Hello all,
First time poster. I'm just looking for some advice on buying property, renovating and selling on again in the UK.
If i get a mortgage for a house and buy at auction and renovate said property and then sell on again, do i need to pay off the mortgage straight away, or can i use the money from the sale of the house for my next property?
If i pay back the mortgage as soon as the sale would be completed, is there a fee/fine of sorts to pay to the bank as a result of paying back the mortgage before
time?
Any advice for a total novice in the property market would be greatly appreciated. This is something i would like to get involved in full time.
Also can anyone recommend any good auctions and what kind of dough would i need to start off with?
Thanks.
First time poster. I'm just looking for some advice on buying property, renovating and selling on again in the UK.
If i get a mortgage for a house and buy at auction and renovate said property and then sell on again, do i need to pay off the mortgage straight away, or can i use the money from the sale of the house for my next property?
If i pay back the mortgage as soon as the sale would be completed, is there a fee/fine of sorts to pay to the bank as a result of paying back the mortgage before
time?
Any advice for a total novice in the property market would be greatly appreciated. This is something i would like to get involved in full time.
Also can anyone recommend any good auctions and what kind of dough would i need to start off with?
Thanks.
