From: 
Newsgroups: uk.finance
Subject: Re: LTV
Date: Wed, 7 Mar 2007 16:10:38 -0000

>> Almost correct. B = slightly more than A's then value.
>
> That can only be true if "slightly" means "negligibly", because
> if 130% of B equals 65% of A+B, as you have stated, then 65% of B
> must equal 65% of A, and hence A must equal B.

I did originally say approximately 30% of current mortgage is left and that 
the 65% figure is approximate too (actually 
64.904584338670761131827155077868%) and to obfuscate the prices involved 
somewhat, I'd hardly call ~8k (ie >5% of the purchase price of B) 
negligible!

Interestingly, I've contacted my current lender and the options set out by 
them were more or less identical to the ones expressed by you, and the 
2-mortgages-secured-on-2-properties option actually would work out very 
expensive (lender's base rate only on mortgage no 2) should I not be able to 
raise enough cash on property A to pay for property B!

So, its most probably back to the drawing board for my plans to enrich my 
family. Again! Nevermind. Thanks for all the help.