Can I Remortgage My House to Buy Another House?

Many homeowners in the UK wonder: can I remortgage my house to buy another house?

The answer is yes — but it’s important to understand how it works, your options, and what lenders look for.

In this guide, we’ll break it down simply and cover the most common questions people have when thinking about using their current home to help finance a second property.

Can I Remortgage to Buy Another Property?

Remortgaging means replacing your current mortgage with a new one, often with a new lender, either to get a better deal or release some of the equity tied up in your home.

If your home has risen in value, or you’ve paid down a good chunk of your mortgage, you may have equity you can release. This equity can then be used as a deposit or even a full cash purchase for another property — whether that’s a buy-to-let, a second home, or a holiday home.

So, can you remortgage to buy another house? Yes, provided you meet the lender’s criteria, have sufficient equity, and can afford the additional borrowing.

Can I Get a Second Mortgage to Buy Another House UK?

Another route people explore is taking out a second mortgage rather than remortgaging. A second mortgage (or second charge mortgage) uses the equity in your home as security for a new, separate loan, sitting alongside your existing mortgage.

This can be a good option if your current mortgage has high early repayment charges or is on a great rate you don’t want to lose. However, it means having two loans to manage — and lenders will carefully assess your affordability.

Can I Use the Equity in My House to Buy Another House UK?

Equity is simply the difference between your home’s market value and the amount you owe on your mortgage. Many people ask, can I use the equity in my house to buy another house UK?

The short answer is yes, through:

✅ Remortgaging to release funds

✅ Taking out a second mortgage

✅ Using savings alongside your home equity

Lenders will look at your income, debts, credit history, and the purpose of the borrowing. For example, if you’re buying a buy-to-let, you’ll need to meet specific rental income and deposit requirements.

Can I Remortgage My House to Buy Another (Even If It’s Not a Full House Value)?

Absolutely. You don’t need to remortgage to cover the full cost of another property — many people simply release enough equity to cover the deposit on a second home or investment property.

For example:

Your home is worth £300,000.

Your remaining mortgage is £150,000.

You remortgage and borrow up to 75% loan-to-value (LTV), giving you £75,000 in released equity.

You use that £75,000 as the deposit for another home or buy-to-let.

Things to Watch Out For

✅ Early repayment charges — check if your current mortgage has penalties.

✅ Affordability — lenders will stress-test your ability to handle the additional borrowing.

✅ Property type — buying a buy-to-let comes with different rules compared to buying a second residential home.

✅ Fees — remortgaging often involves legal, valuation, and arrangement fees.

Final Thoughts

If you’re wondering can I remortgage my house to buy another house, or can I get a second mortgage to buy another house UK, the good news is: yes, it’s possible. But it’s crucial to get the right advice.

As fee-free, independent mortgage advisors, we at Chetwood Lloyd Mortgages are here to guide you through the process, compare deals across 100+ lenders, and help you make the smartest choice for your goals.

👉 Book a free consultation today — let’s see how your home can help you move towards your next property goal.

‍