With lower house prices and affordable low interest mortgage loans, many homeowners are looking to remortgages to offer them the ability to invest in the lucrative buy to let market.  Demand for rental property in the UK is high and has a long climb to go before it reaches its peak.  Lending remains tight and few new families or independent adults can choose a home purchase to set up their new life, instead they are forced to look to renting a property.  This remains the condition of many despite the low interest rate and low house prices.

Some homeowners see this as a great time to pull out some of their built up equity and invest in a second home or an investment home.  While house prices are falling across most of the UK, properties are still quite expensive for some budgets.  There are some that have turned to buying outside of the UK and have found great purchase opportunities.  This is such a common practice that an entire industry has been developed to assist foreign investors buying in Spain and the US, which are the most popular.

In the US in top major cities, such as Las Vegas, Detroit, Chicago, and even the famed Jersey Shore, properties  have had prices drop by over 40 per cent.  In Jersey Shore for instance, where homes along the ocean front used to sell in the million dollar to multi-million dollar levels, prices have dropped to under $500,000 in some cases.  Condos and apartments within walking distance to the ocean are even more affordable.  These homes can be rented in the peak seasons to vacationers to pay much of the mortgage costs.  While purchase prices have dropped, rental prices have not.  Demand is still very high for renting vacation destination homes and looking across the pond for a buy to let investment may be a good consideration for many.