Low remortgage rates lead to an increase in holiday homes.
Lenders are lowering their remortgage rates and releasing competitive offers, which is enabling home-owners to achieve their second home-owning dreams.
The second home property market is expanding thanks in part to highly competitive remortgage rates. The second home sector has grown significantly and there are currently around 245,000 holiday homes throughout England.
If you want to remortgage to buy a holiday home you should contact Deal Direct. We are an independent mortgage broker with access to the entire UK mortgage market.
After a review of your current circumstances we will search the market to find an appropriate remortgage product for you.
Those with a high level of equity will have access to the very cheapest remortgage rates, however even if your equity is low we can still find a remortgage for you.
To purchase a second home remortgaging is often the most cost effective option.
Remortgage rates are continuing to fall in line with lenders' falling funding costs and many are reducing rates which helps existing home-owners.
NatWest for instance have a remortgage-only 5 year fix for 60% loan to value at 2.95% and Halifax have a 2 year fix for 60% loan to value at 3.09%.
Contact Deal Direct to make your
second home purchase a reality.
