Financing more than one rental property

[steve1]

I'm going to ask the question, but it's probably a bloody stupid one.
I've got a rental property, mixed use of retail and flats above, bought for cash and let out on a fairly long lease, value of around 200-230K, depending on who you believe.
If I wanted to look into buying another property, either for renovating and selling on for a small mark up, or for renting out again, what's the best way to finance this sort of venture.
Will add that I'm retired, but early, so only 54, regular pension, and of course regular income from property above, no mortgage elsewhere either.
I know a lot depends on how much income there is as to how much you can raise, but the method will be the same, or will it?

[Kudos]

BTL mortgage on the rental

[steve1]

Kudos said:

BTL mortgage on the rental

But what if I just want to raise funds for a purchase to sell on, surely I can fund it in a more favourable way.

[Kudos]

Secured loan then, but these are expensive

[steve1]

So why can't I just remortgage the property, or does it matter that I don't reside there.

[Sarnie]

You can remortgage it on a residential if you don't live there.

BTL would be difficult if there are retail units underneath the flats.

You need to be looking at a commercial mortgage............