Yes! Processing a remortgage to buy another property to purchase a second home is a popular option, and is perfectly possible provided you have sufficient equity in your current property. Doing so enables you to borrow money against your existing property which can then be used for a deposit on a second or holiday home. This will, however, significantly increase your monthly repayments.
There are several things to consider when you remortgage to buy another property, however. For example, early repayment charges due to your existing mortgage. As such, we advise that you get in contact with us.