I would like opinion regarding equity and remortgage;
I bought my flat last year may, today value is 360k mortgage i took out was 195500 + 1499 fee making it 197000. this gives me a good equity.
i have 2 questions;
The loan-value ratio is less than 65% but taking into consideration i still have 197000 mortgage and my current salary is all together £25k so when my fixed rate come to end coming february (4.99) question is in remortgaging what rate i am likely to get, other things you may be ale to tell me much appreciated. the only problem is salary is low.

What are my options should i use some of that equity to buy my 2nd home,

under climate what is best move to better property, buy 2nd home rent it out, sell or wait

any feedback much apprecuiated