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Once You Sell a Property in the UK for a Profit, What Happens to the Outstanding Mortgage?

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Once You Sell a Property in the UK for a Profit, What Happens to the Outstanding Mortgage?

Property investment is a hugely profitable way to secure a good return on your investment in the UK. Buying, renovating and selling on homes – known as ‘property flipping’ – is a great way to supplement your income. You can add value to a property by renovating, extending or otherwise improving it before selling it on for a tidy profit.

Moreover, with a flourishing array of property listing websites out there these days, it’s easy to find great investment properties quickly and easily online.

However, as anyone who’s done a little research into property flipping will know, there are a couple of catches. One of the biggest issues is securing, servicing and paying off the mortgage on a development project.

Traditional mortgages aren’t always suitable if you’re looking to make a profit from selling a property in the UK. But why is this, and what alternatives are out there?

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