Looking at Raglan

Our Experts Answer:

Firstly you need to take some tax advice to understand the implications of purchasing a holiday home and how the changes to the tax rules in regards to this a couple of years back may affect you. Secondly you need to have a think about what you are wanting in an investment and what returns you are wanting to achieve and if a bach will give you this result. Or if another investment may be a better fit. Also if you do proceed with a purchase, rather than offering your current home and the purchase to one lender as security, look to raise a 20% deposit against your existing home with the remaining 80% raised through another lender. This way your two properties won’t be cross secured.