Can I capital raise to buy a holiday home?

Posted on 26 September 2012 by Stefano

I own my own house with no mortgage remaining.  I need to raise money against my property to purchase a holiday home.


Depending on your circumstances and what you intend to use the property for, you have a choice of either raising the funds on you own home or raising them on the second property.  There are pros and cons to each, such as potentially cheaper interest rates and the risk of losing your home if you secure the loan on your main residence against slightly higher rates and no risk to your home if you secure it on the holiday home.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to help you find the right mortgage for your situation.


Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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