Remortage for investment?

I hope to clear my mortage later this year and I am wondering if I should leverage its value or part of to invest elsewhere.
As it would be in excess of 100k what would my options be,also would an intrest only mortage be the way to go(dont fully understand this?)
Any thoughts appreciated.

alri said:

I hope to clear my mortage later this year and I am wondering if I should leverage its value or part of to invest elsewhere.

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How have you arrived at the conclusion that property is the most appropriate investment for you and in particular in preference to other alternatives? If you are not sure what to invest in then you should at least have a look at some of the general Savings & Investments FAQs/guides and maybe even consult with an independent, professional investment advisor.

As it would be in excess of 100k what would my options be,

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In what sense?

also would an intrest only mortage be the way to go(dont fully understand this?)

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See this thread. The Property Investment FAQ is also a useful reference.

Don't do anything 'till you have talked to a number of professional investment advisors and had a good hard look at your personal circumstances.
Ask yourself why you should borrow again when you have just cleared your mortgage.
Is your pension sufficient for your retirement?
What age are you (how long do you want to be paying off another loan for)?
If you do invest in property are you in a position to manage it yourself?
As ClubMan said why go for property at all?

I have approx twenty yrs to retirement,I am not overly keen on property especially in Ireland as there is likely to be a glut in the next few yrs with a decrease in rental incomes,foreign property sounds great but you need time and a lot of leg work.Rather than just investing the mthly sum I was paying my mortage off with ,I was thinking by remortaging that a larger sum invested would give a better return,had thought of bonds which I believe are currently giving very good return but apparently there are significant costs involved.

alri said:

foreign property sounds great

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Why?

I was thinking by remortaging that a larger sum invested would give a better return,

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If you borrow at, say, 3% then you need to make more than that to make money especially after inflation has been taken into account. Have you identified suitable investments that look likely to do this? What is your investment timeframe, attitude to risk/volatility, overall personal/financial circumstances etc. etc.?

had thought of bonds which I believe are currently giving very good return but apparently there are significant costs involved.

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Bonds and property are arguably different classes of investment when it comes to risk/reward profile. It sounds to me like you have not reviewed your financial situation and goals carefully enough to identify the sort(s) of investment(s) that is (are) most suited to your needs. You need to do this first. I would once again encourage you to consider getting independent, professional investment advice.