Many are taking advantage of the huge increases in property values experienced over the last few years, by remortgaging to buy second homes. Especially holiday homes in Florida, France, Spain and newer EU countries, such as Cyprus and Malta.

Rather than take out a new mortgage, either in sterling or the euro to fund the purchase of a holiday home, many prefer to remortgage their UK property to release some of the equity built up in order to buy the second property outright. That way, there is only one mortgage to service, the second home being owned outright. Not only that, but with the mortgage being on the UK property, it is payable in sterling which is probably what your income is paid in.

Don't forget, changes in currency values (the £pound versus the €euro, for instance) may go against you and could result in the sterling equivalent of your liability under a foreign currency mortgage (such as a €euro or $US dollar mortgage ) being increased by exchange rate movements.

	Free Mortgage Review
	Whilst you are online, why not apply for a remortgage adviser to conduct a free review of your mortgage and to then contact you to advise you whether remortgaging now is the right thing to do. The e-Mail form takes just a minute to complete...just click this link or the 'Apply ' button on the right

If a free expert review of every mortgage product in the UK does not result in a better, cheaper mortgage for you (even taking into account any tie-in or penalty costs attached to your present mortgage)… you'll be told just that. Then at least you'll know that the deal you have is the right one for you!

	Further remortgage Information
	Remortgage to Save Money
	To view a typical example of how much can be saved by remortgaging, please click this link
	Remortgage FAQs
	To view the answers to frequently asked questions about remortgage, please click this link
	Best Buys
	Remortgage Best Buys
	To view current 'Best Buys' for remortgages, please click this link or the arrow right

For advice as to whether a remortgage is the right choice for you, please click this link.