Buying second home using first home as security

[rozzer]

Hi All
Thanks for the response, it's obvious i still have a lot to learn in finance.
My intention is/was to purchase a second home (somehow) and rent it and use the rent/income
to pay for the second bond, however i do not want to get myself into too much debt
personally as i do not have sufficient loose or liquid funds available.
I think i have a lot of research to do before taking the plunge.

Regards
rozzer

[Houses4Rent]

Hi Rozzer

If you qualify for a bond then I cannot see why you should not be able to buy a second property. Feel free to contact me. I am not financial advisor but multiple buy to let property investor which some experience. No financial advisor would encourage you into property anyway as they sell only paper assets for comission gain.