The plausibility of you having enough savings to completely finance the purchase of a new property are very unlikely so you would need some sort of assistance which may come from a mortgage on the property you are about to buy or the one you already own; Nevertheless, what kind of mortgage you would qualify for would solely depend on the purpose of the purchase. Moreover, it must be understood that in order to buy a second home you will need a second residential mortgage on that property but if you are conducting this purchase as an investment then the procedure would be different.