On the surface of things i have two options. I am looking at buying my first investment property, i will probably be a 2 bed flat or a 2 bed terrace, costs for the flat about 60k and the house about 70k... i live up north
I have about £20k deposit in the bank, both my wife and i work full time and i own my own home outright which is a 3 bed semi.
So, would it be more sensible to just get a BTL mortgage and pop the £20k down as a deposit and away i go, or remortgage my home for either £40/£50k add in my deposit and buy which ever property outright ?
To add a bit of background ... my wife is not keen at all to endanger our home now its mortgage free, but finacially which would be the best best ? Ta.