Im after some ideas on how to raise funds for a third BTL. I bought my first property in 2002 (which I lived in for 2 years), I bought it on a normal first time buy mortgage and later obtained consent to let. In 2011 I bought another, again on a normal 90% LTV mortgage, which I lived in temporarily, and now renting (HMO).
HMO has proven quite fruitful compared to my first property where the whole house is let to a family. I'm toying with the idea of obtaining another house and let as HMO, the problem is how to raise necessary funds with most BTL mortgages only offering 60-70% LTV.
Some rough figures:
Market value 110k
Market value £140
Ideally Im looking to purchase one for around £130k, any help would be appreciated.