I want to buy a spanish apartment. Can I remortgage upto 90% of my current home to do this?

Posted on 27 October 2014 by David


I want to buy a spanish apartment for family use/rental, and want to take out a loan for this. I have an outstanding mortgage of £115k on a £240k house in the UK. The £90k would be for outright purchase. Is this possible to do?

David,

It may be possible to do this. Not all lenders will look at remortgaging up to 90% of your property's current value, however there are some who will look at this type of enquiry, subject to you meeting their affordability calculation, and standard lending criteria.

If you'd like to discuss your options in more detail, then please contact one of our consultants on 0344 346 3672 and they'll be able to give you an idea of how we can help.

Regards,

Simon

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