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If a holiday abroad tickles your fancy, you might be interested to learn that the prices have increased dramatically in the last few years. It has been reported that this is due to the rise in fuel prices and so airlines are having to pay more, and of course this is passed on to the customer.

Various companies have done research to show that the main reason that people can’t afford holidays is that the cost of the average holiday has skyrocketed in recent years. This has led people to remortgage their homes to pay for the now expensive holidays that they have been used to having every year. Here are the reasons why it may be a good idea.

1. A single monthly repayment: When you take out a remortgage, not only can you borrow the additional funds in order to be able to afford your trip abroad, you can also consolidate your debts which means that you would have just a single repayment each month.

2. It’s so simple! Remortgages are very simple to arrange and you are spoilt for choice with a range of different contracts for choose from including various repayment methods and interest rates.

The lender usually deals with all of the administration so you don’t have to do anything other than provide the information that they need and make your repayments.

3. Wider acceptance with remortgages: Remortgages are often more likely to be accepted than other credit such as unsecured loans and credit cards, especially if you are a freelancer or contractor and don’t have any guaranteed income or if you had bad credit.

This is because mortgages have the property as security so there is less risk for the lender to take on. Many lenders give a higher interest rate if you are a higher risk (e.g. if you are a contractor or have CCJs and so on) but you can generally still get a remortgage and borrow more money for your holiday plans.

4. Remortgages are cheaper than unsecured lending: With a personal loan there is no security whereas with a remortgage the property is the security and can be repossessed to repay the loan if you fail to pay and so there is less risk attached for the lender.

Lower interest rates mean lower repayments and this can also mean that you are able to afford the things that you want for a lower monthly cost.

5. Repayments can be spread over longer: Mortgages and remortgages can very often be repaid over long periods of time, which again can help to reduce the monthly repayment and thus can allow you to be able to afford that dream holiday!

Marcus Selmon writes for Just Commercial Mortgages the UK’s No1 site for the latest commercial mortgage rates and commercial property finance news.

We all felt the pinch during the financial crisis that began three years ago, including those who lost their homes or saw their property investments diminish. But people have been searching high and low since for investments with good returns and have had difficulty in finding them.

But reports have shown that there is one investment that seemed to withstand the recession and kept the money rolling in for those who dared to continue investing – wine. Wine has been a strong investment now for 14 years and investors have been watching their investments grow.

Wine prices have skyrocketed during that time and we’ve seen increases of as much as 500 per cent in the cost. There are very few other investments where you can see growth such as this, as over the same timeframe most stocks have been unable to even reach 100% returns.

Other reports have confirmed that the demand for good wine has been increasing steadily too however, meaning that share prices have risen sharply leading to a requirement for large sums to be invested to get into the wine markets in the first place, putting many investors off.

As a result, investors need to find larger sums to invest in the wine markets. One way of raising such money is to remortgage your home and get a further advance. You can then utilise the funds to invest in wine stocks in the hope that you will see large returns in the future.

The amount of money that you can borrow on a further advance remortgage will depend on two main things. How much equity you have in your home, and what the lender is prepared to offer based on your own specific circumstances. By equity, we mean the amount of your home that you actually own and don’t have a mortgage on, or the amount you have paid off.

A national newspaper has recently stated that the cost of good wine has been breaking records in recent years as many entrepreneurs have seen the potential for growth in it. It was also reported that the demand for quality wine has increased in eastern countries.

Reports have stated that wine exports to eastern countries have doubled in just half a decade, and it is now expected that countries such as China will become one of the world’s largest luxury buyers.

Beware that you do need to keep up with your mortgage repayments, so only borrow the extra money if you can afford to do so as failing to meet repayment demands could result in your losing your property altogether.

Remember, if you use a further advance to invest in wine, you are actually making two investments as hopefully your property value will increase over time too so it’s a double whammy!

Marcus Selmon writes for Just Commercial Mortgages the UK’s No1 site for the latest commercial mortgage rates and commercial property finance news.