Is it a mortgage or remortgage?

[Chez2]

On 29/03/2019 at 17:06, willman said:

But even the lenders can t agree if its a remortgage or new mortgage. 

 

"Technically, a remortgage is where an existing mortgage is replaced with a new one. As your home is mortgage-free, lenders can’t ‘remortgage’. "

 

I'd like it to be a remortgage so i don't have to cough up a deposit.

Why don't you just call an expert like Steve? As I said, we didn't need a deposit for the UK mortgage.

 

We didn't want a foreign mortgage so paid a deposit on our holiday home abroad then raised a mortgage on our main property in the UK to pay for the holiday home abroad. Previously the mortgage had been paid off on our home in the UK.