I'd like some advice from people who own a 2nd property (ideally a flat) and have a 2nd mortgage? I am looking at buying a 2nd property to rent out as an investment. I currently own my house in Ripon which we recently took out a mortgage for (upgraded from old house) and we have about £15k saved for a 2nd property. The flat in question is £62k (repo) and mortgage is pretty cheap.
ANy advice you can offer me? It's that or invest it in a static caravan for weekends away/holiday lettings