I am currently sitting on near on £400k equity in my current property (as well as a £169k mortgage). I am looking to invest some of this equity in an effort to help me pay of my mortgage quicker. I have been thinking of purchasing another property outright with some of the equity and then using the rent from letting it out in order to aid me financially. could anybody provide any advice in this matter? thanks.

Personally, I would talk to an investment broker in your immediate area who is familiar with the local economy, properties etc. This is one of those situations where it will either work out well or your will get badly burned. There is little wiggle room.

The big problem you have is that we're at the end of the property cycle - property prices are slowing overall, and even dropping in some areas. So if you invested now, there's a very serious danger of negative equity.

You say you have £400k equity in your home property - but if you liquidate this, you're opening yourself up to big debt repayments in an economic environment where interest rates are being slowly but surely forced upwards.

So rather than paying your mortgage quicker, you could well find that instead you end up overstretched on debt, and with the possibility of losing your home to fund it.

My personal 2c.