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Should I take 100k equity out my home?


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Hey 

totally new to this

about 5 years ago I got my flat, which I believe has built up about 100k in value since I bought it

now the market is up and it’s a good time to sell but I don’t want to

my plan is to buy somewhere with my fiancé and switch my flat to a buy to let (this does give me tax issues but I have no option)

should I be refinancing the flat to take out the 100k to add to my deposit on the home I buy with my fiancé? Or is this a bad idea? What are the risks? Anything I need to watch out for? 
 

thanks for your help and words of wisdom!

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