Advice from those. Wiser than myself

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AdrianF
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Hi. First post so please be gentle.

I have a couple of btl. A 2 bed house with another 10 years or so of repayment mortgage and a one bed house which I've just paid the mortgage off of.

I've seen a pretty much similar 1 bed house around the corner and in 21 years have never had the 1 bedroom house empty.

I could raise about £20k but apparently this will not be enough of a deposit to buy the new property.

I'm risk averse and like fixed terms of at least 5 year repayment mortgages historically.

How would you suggest I make the leap from 2 to 3 properties?

Thanks in advance?

18/05/2017 00:08

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