Second Home Mortgage
Our Second Home Mortgage Service
Are you looking for finance to purchase a second home? Our mortgage team can help you get finance in place depending on your requirements - we offer:
- A whole of market service - We work with over 60 lenders
- Access to leading market mortgage rates for second homes
- Access to exclusive loan deals not available on high street
- Fast turnaround - speak to us today if you need to move quickly
- We have lenders who will take into account previous defaults and missed payments
- Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions
To investigate your 2nd mortgage options call our mortgage team on 0117 313 7780 or fill in our call back form.
Looking for the best mortgage deal for your second home? If so, you will need to compare the whole mortgage market to make sure you get the best available deal. Our mortgage quotes and advice service can help you to narrow down your options:
What counts as a second home when applying for a mortgage?
A second home is classified as any property that you own in addition to your main place of residence. This could include a holiday home, a house or flat that you buy in order to let out to tenants, or a property in a different location – for example, a city flat to complement your countryside home.
Because these different property types are used for different purposes, you will need to base the type of mortgage you choose on whether you plan to live in the property part of the time or on holiday, rent it out to residential tenants, or use it for holiday rental income.
Buying a second home using a mortgage
If you are in a position to purchase a second home or holiday home outright, you won’t need to apply for a mortgage. Alternatively you may be able to use existing equity if you have sufficient equity in your first property - you may be able to remortgage this property and use the cash this process could free up to buy a second property.
However if you don't have sufficient equity in your first property then you will need a mortgage, the precise nature of which will depend on what you plan to use the property for.
To get a second home mortgage, you will have to show the mortgage provider that you have enough income to pay for this mortgage as well as the one you already have. If you a buying a property to rent out, your projected rental income will usually be taken into account as part of your mortgage application.
Our mortgage team can help you with your mortgage requirements for a second home - call us on 0117 313 7780 or complete our callback request form above.
Why Choose Us