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No issue, the lender looks at the total secured lending against the security, not number of mortgages. You would generally keep the equity releases/topups through the same lender, as 2nd mortgages through another financial institution can be painful, costly and time intensive - no reason to go...

If you set up a new loan against the PPOR and it is used to purchase an investment property, the purpose is for investment usage so tax deductible. The security is not relevant in this particular test.