I'm ready to buy my first property.
Hi guys A quick question buying my next property. I have recently inherited a property paid off that's worth £120,000 and is currently being rented out for 500 a month. I'm making 55k pa and renting an apartment which is 400 a month not including bills. I've found a property worth 400k that is ideal for my new job. How much would a deposit cost for this property and how much equity could I take from my inherited property? Sorry if these questions are basic, guys. New to this whole process. Thanks Kelly x
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