Selling a property Vs Equity release?

Hi,


Not sure if this is the right place for this question...

I have a uk property (aberdeen) that produces positive income and has more than doubled in value when I bought it a few years ago.

However have been trying to build a portfolio (including having my own place) and am looking overseas (I like Berlin) however I am not sure if it would be better to release equity or to sell the property outright.

It seems to me that I might make more money selling than equity release although I would give up the cashflow. Has anyone any experience in this matter? I'd appreciate your thoughts.


Thanks!

Hi Zeitgeist,

I would tend to agree with Paul. If you have a property working that well for you in a market which suggests signs of increasing further in value, I would be inclined to hold on to it and release equity to purchase again. Depending on how much positive income you are receiving you may even be in a lucky enough position to keep your re-mortgage repayments covered (on an interest only basis) with the income in Aberdeen leaving you free to concentrate on the purchase and rental of your new property(s).

Kind regards,

Hi,


Thanks for your answers. Much appreciated!

I have been thinking thats the most sensible approach although selling has been tempting lately as the properties worth more than double what I paid for it and the tenants are constantly giving me a headache.

But I think I'll go with your advice and hold and look more into the equity release.

Thanks again