I am currently living in the UAE but have 2 properties in the UK, both without any mortgage. Value of each is approx 250k GBP and both are rented out to long term tenants
I want to start increasing my BTL portfolio size via the Buy, Refurb, Refinance method, work will be done and managed by experienced family based in the UK.
a) Take out a remortgage on one of those properties to release equity to fund the next property.
2) Take out a separate BTL mortgage (not linked to those properties) to fund the growth and continue with this method