thinking of having a second home in the sun or a lodge or mountain retreat where you can escape whenever the mood takes us, of course, common dream.

And with the simplification of the structures re-mortgage, home equity loan profitability and growth that is the basis for many of us have enjoyed in our main residence, can not be a better time to turn this dream into This reality of the day.

That’s like buying a holiday home abroad and avoid all the common traps and pitfalls that people can fall foul.

First you must decide whether it makes sense for you to release the equity that has built in his principal residence to buy property abroad, to increase the mortgage on overseas property or pay by cash.

Unfortunately, there is a direct response to this dilemma! The answer can be found among your personal situation, your ability to pay for an extension of your mortgage loan home or abroad, the country where it was purchased abroad, and whether or not. offer good potential for investment, however, there are two simple facts that most financial advisors and mortgage lenders approved and this can help you make your decision: –

1) take the money that was built in equity in the property and use it to buy another property is probably the most sensible thing to do when the issue of equity />

The next issue for the country in which you need to buy a holiday home you are in. You can have very positive idea of ​​what country are you most want to spend your holiday – if you have a country you can think of a country I know well and have fun at the previous time.

If you are not sure and look abroad for a vacation home as an investment property in emerging markets and markets with a strong room for growth, you have to draw yourself a list based on what you’re looking for in a vacation home – that is, if you want a European house on the beach with 300 days of sunshine a year is much more likely to see the Mediterranean of Ukrainian or English

Whatever country you are considering! , Doing research on the laws relating to foreign freehold ownership of property in the country and the prospects for real estate provided for in the medium term -. All types of information available on the Internet

Once a country has in mind to set yourself a realistic budget – realistic in this case is the amount you can afford and that is the amount that will buy quality of your property abroad, will return to the Mediterranean region in Europe. time, those with a large budget could acquire the properties on the coast of Spain, who have a limited budget can only buy the standard or renovation of buildings on the coast of Spain, but you can buy something much more large inland Spain. Think of the amount you can afford and then look at the state you are interested – where you can get the most for your money

Always use an independent legal representative to assist you in every transaction you enter into your all ‘ abroad? may not fully understand the language or legal system of the country you bought your holiday home then you need a lawyer who is not!. Next you need a lawyer who works exclusively for you and do not represent your interests with those of the builder or property seller as well!