Second Home Mortgage
There are now many specialist buy to let and second property / home mortgages. Contact us for a mortgage quotation today.
You should be aware that for a second home mortgage in general terms you will need a deposit on average in the region of 20%. The mortgage rate on a second home mortgage may be slightly higher than general residential rates and there may be many other considerations that you need to consider such as:
- Periods of unoccupancy may affect insurance
- If you are buying to rent, the need to decide on tenancy terms, agreements, landlord laws and more.
For help on purchasing a second property contact us.
Capital Gains Tax on 2nd Properties
You should also be aware that only your main residence grows tax free. Second homes or rental properties may attract capital gains taxes when you sell them on. Find out more.
Request mortgage advice or complete our simple mortgage search form.
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