Remortgage to buy a property
One way of raising the capital to enable you to buy a second property, is through remortgaging; Of course, you need to have enough equity in the property being used to enable you to raise sufficient capital and if a mortgage is still required on the new purchase do also note that the deposits needed are often higher when in relation to a second property.
Second Home or Rental?
Most people who are looking to buy another property are either looking for a second home for themselves, or one of their family, or to be able to rent it out as a specific investment. This may involve remaining in their current home and purchasing another property, or for some a role reversal where they are looking to move but retain their current home as the second or investment property.