Hello,
I am currently renting with my partner and we would like to get our first house together but we are far from a reasonable deposit. My parents have paid off their mortgage and I expect their house to have increased a lot in value since they purchased it.
Is there any way we can use equity from their house as a deposit for ours?
If so will we later be able to use equity from our new house to buy an investment property?
I have only just started learning about the industry so please excuse any naivety. All suggestions appreciated.
Matt