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Remortgaging to buy a second home

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At Abodo, we understand the appeal of owning a second home, whether as a personal retreat or a potential investment. However, it's important to be fully informed before taking the next step.

Purchasing a second property is a significant financial commitment. You'll need to consider mortgage payments, insurance, maintenance and property taxes. That’s why having a clear budget and understanding all associated costs is crucial.

If you're thinking about renting out your second home, this can help offset ownership costs. However, rental income is not guaranteed and property values can fluctuate. There are also legal and tax implications that come with owning a second property.

Thinking about buying a second home?

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Some Buy to let Mortgages are not regulated by the Financial Conduct Authority.

Get free advice on Buying a Second Property

Speak to our mortgage team to discuss your mortgage options. We will help you choose the most appropriate deal.

See why people trust Abodo for Buying a Second Home

Abodo is here to help guide you through the process, but we always recommend seeking professional financial advice to ensure you're making the best decisions for your circumstances. That is where we come in!

Remember, property investments carry risks and compliance with Financial Conduct Authority (FCA) regulations is essential. Abodo is committed to helping you make informed choices when it comes to your second home.

For personalised support, contact us, where our expertise can help make your dream of a second home a reality but as always with some careful financial planning.

Speak to our mortgage experts

remortgaging for a second home

Specialist Mortgages for
Second Properties

View our other Remortgaging Products

To Consolidate Debt Mortgage

To Consolidate Debt Mortgage

Abodo provides expert guidance for clients considering debt consolidation through their mortgage, offering tailored solutions to help reduce financial pressure. Debt consolidation involves combining multiple debts, such as credit cards, loans or overdrafts, into a single, manageable monthly payment, secured against your property.
To Release Equity Mortgage

To Release Equity Mortgage

Homeowners typically explore releasing equity for multiple compelling reasons. Many find themselves needing additional funds for substantial home improvements that enhance property value. Others seek to consolidate existing debts creating a more manageable financial landscape. Some individuals use releasing equity to support major life investments or create additional financial breathing room during critical life transitions.
Second Charge Or Further Advance Mortgage

Second Charge Or Further Advance Mortgage

A Second Charge Loan allows you to borrow against the equity in your home without altering your primary mortgage. Essentially, it’s a second loan secured on your property, separate from your main mortgage. This means you’ll have two loans secured against your home, with separate monthly payments for each. A Second Charge Loan could be beneficial if your current mortgage rate is favourable and you’d like to avoid remortgaging but still need access to funds.