Brits start remortgaging overseas

With remortgage deals becoming increasingly hard to find in the UK, the contrast with mortgage prices abroad is becoming ever more defined.

Conti Financial Services, the overseas mortgage specialist, is now offering overseas property owners remortgage deals at 2.49%, whilst the best rate in the UK at the moment stands at around 3%.

Over two million Brits have an overseas property, and Conti says that the number of people looking at property markets in the Eurozone is increasing as the credit crunch takes its toll on the UK.

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