Yes, you can absolutely remortgage your current home to buy a second home. Lots of people who want to buy a second home decide to remortgage as a way of raising the cash.
You can remortgage to buy a second home as either an investment or as a buy-to-let business opportunity. Refinancing your mortgage means you can use the equity you’ve built up in your property to buy another one.
Remortgaging can be a great way to reduce your monthly repayments, take some cash out of your home for a big purchase, or pay off your debts.
Remortgaging is a similar process to standard mortgages, but the process can be slightly different.
In this Guide, you’ll find the need-to-knows about remortgaging, and a step-by-step guide to how you can do it.