Financing another BTL

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M
Member
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Hi,

I am thinking of purchasing another BTL property and I am looking at ways of financing my next investment.

I do have money for a deposit but I am wondering if I can use my first BTL to finance a deposit for the second BTL. This will allow me to then buy my first residential property.

Is this a good idea or should I just use my own money as a deposit.

I look forward to any advise.

Many thanks,

17/06/2010 00:00

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