
MILLIONS of Britons dream of owning a home abroad that they can escape to regularly. But just how do you raise the money and what are the pitfalls along the way? Our guide to arranging your holiday home mortgages answers your questions.
If you don't have the cash, there are three ways to pay for a foreign home.
* You can get UK holiday home mortgages
* Remortgage your UK residence
* Apply for foreign holiday home mortgages.
UK Holiday Home Mortgages - The good news is that there is now more choice in the holiday home mortgages market than ever before. Previously, there were only specialist lenders who allowed borrowers to raise money for purchasing property abroad. Nowadays however, this has changed and UK mortgage lenders have realised that the property abroad market is expanding at an alarming rate each year.
Remortgage UK residence - Remortgaging and increasing your present mortgage is presently a cheap way of raising the cash you need and you may be able to get a remortgage loan for up to 125% of your property value. We can unlock the equity in your home that will allow you to make your dream holiday home, come true. As independent mortgage brokers we can find the best UK holiday home mortgages and remortgages.
CLICK HERE to view the best holiday home mortgages rates and an enquiry form