We may be relocating for work and are considering options re: house.
We could sell home and use the £200k equity toward purchase of new home, which would probably cost about £500k.
OR
Keep current home and release as much of the equity (about £120k, in keeping with loan to value requirements) and use that toward new home.
For tax purposes I suspect it would be better to sell since we would have no CGT burden as we'd be selling our home. But we would like to keep current home as we may move back in this area in future and it is a nice house.
Is there any way to try to not lose out and efficiently use our equity if we did keep current home whilst going on to buy another?