Mortgage for a Second Home

Mortgage For A Second Home

Mortgage For A Second Home - A mortgage for a second home is a niche product that often has different requirements and rates to a mortgage for one’s main home. Owning a second home can be a good way of generating capital to or a solution to working in a distant location. If you have a favourite holiday hotspot, a mortgage for a second home can enable you to have a property to return to and build upon. Although re-mortgaging your primary residence to fund a purchase may be more straight forward, securing a mortgage for a second home can avoid added risk to your main house should you come under financial difficulty.

Many of the potential troubles in securing a mortgage for a second home can be attributed to the current market in general. As lenders have been seeking to remove risk from their portfolios, requirements for obtaining a mortgage for a second home have been less favourable for borrowers. Fortunately, the high interest rates experienced before the credit crunch are unlikely to return for the foreseeable future and this is at least allowing interest only mortgages to be relatively affordable. As interest only loans are a common form of mortgage for a second home this should help this market. However, buyers must be wary of the upward potential on standard variable rate mortgages.

Navigating the mortgage for a second home market can be a stressful and time consuming experience. If you would like to reduce the hassle involved in securing your second home, our team of highly experienced advisers can help. We search the market for deals which suit your particular needs and circumstances. Our knowledge of the mortgage market, combined with our expertise in helping customers secure a mortgage for a second home, enables us to secure the right deal at the right rate for the right client.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

If you are looking to obtain a mortgage for a second home, call us today. We look forward to talking to you.

How to get in touch

Feefo logo

Residential - Purchase - Best Buys


LenderInitial
Rate
Mortgage
Type
For/Until Subsequent
Rate
The overall
cost for
comparison is
Early Repayment
Charge
Arrangement
Fee
Loan
to
Value
Details
Halifax Intermediary Exclusive FTB 2 Year Fixed £999 Fee BHX1.09%FixedJun-20193.74%3.4%APRC30-Jun-2019 £99960%
Product Code: 001EIZ
Product Name: Intermediary Exclusive FTB 2 Year Fixed £999 Fee
Product Availability: Exclusive Intermediaries Only
Lender Code: BHX
Lender Name: Halifax
Initial Pay Rate: 1.09
Mortgage Class: Fixed
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 460.96
Monthly Payment After Initial Period: 607.17
Fees Total: 1354.00
True Cost: 0.00
True Cost Over Initial Period: 12339.96
Cashback: 0.00
Valuation Fee: 355.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 0.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 161.27
Lender Product Reference: FAP514
Detail
Nationwide BS 2 Year Tracker £999 Fee Existing Borrowers BNW1.09%Tracker2 years 3.74%3.4%APRC £99960%
Product Code: 119
Product Name: 2 Year Tracker £999 Fee Existing Borrowers
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 174.75
Lender Product Reference: 116897
Detail
Nationwide BS 2 Year Fixed £999 Fee Existing Borrowers BNW1.09%Fixed2 years 3.74%3.4%APRC2 years £99960%
Product Code: 318
Product Name: 2 Year Fixed £999 Fee Existing Borrowers
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Fixed
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1431
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 174.75
Lender Product Reference: 116721
Detail
Nationwide BS 2 Year Tracker £999 Fee Existing Borrowers BiR BNW1.09%Tracker2 years 3.74%3.5%APRC £99960%
Product Code: KL1
Product Name: 2 Year Tracker £999 Fee Existing Borrowers BiR
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.5
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 150000.00
Legal Fee: 174.75
Lender Product Reference: 117322
Detail
Nationwide BS 2 Year Fixed £999 Fee Existing Borrowers BiR BNW1.09%Fixed2 years 3.74%3.5%APRC2 years £99960%
Product Code: KMI
Product Name: 2 Year Fixed £999 Fee Existing Borrowers BiR
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.09
Mortgage Class: Fixed
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.5
Early Repayment Charge Applies Until: 2 years
Early Repayment Charge Period Sort Field: 1431
Initial Monthly Payment: 461.03
Monthly Payment After Initial Period: 608.37
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11029.72
Cashback: 100.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 150000.00
Legal Fee: 174.75
Lender Product Reference: 117310
Detail
Halifax Intermediary FTB 2 Year Fixed £999 Fee BHX1.14%FixedJun-20193.74%3.4%APRC30-Jun-2019 £99960%
Product Code: 001EDZ
Product Name: Intermediary FTB 2 Year Fixed £999 Fee
Lender Code: BHX
Lender Name: Halifax
Initial Pay Rate: 1.14
Mortgage Class: Fixed
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 463.72
Monthly Payment After Initial Period: 607.47
Fees Total: 1354.00
True Cost: 0.00
True Cost Over Initial Period: 12411.72
Cashback: 0.00
Valuation Fee: 355.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 0.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 161.27
Lender Product Reference: FAP387
Detail
Halifax Intermediary Exclusive FTB 2 Year Fixed £999 Fee BHX1.14%FixedJun-20193.74%3.4%APRC30-Jun-2019 £99975%
Product Code: 001EIU
Product Name: Intermediary Exclusive FTB 2 Year Fixed £999 Fee
Product Availability: Exclusive Intermediaries Only
Lender Code: BHX
Lender Name: Halifax
Initial Pay Rate: 1.14
Mortgage Class: Fixed
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 463.72
Monthly Payment After Initial Period: 607.47
Fees Total: 1354.00
True Cost: 0.00
True Cost Over Initial Period: 12411.72
Cashback: 0.00
Valuation Fee: 355.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 75
Product Type: Residential
Mortgage Discharge Fee: 0.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 161.27
Lender Product Reference: FAP516
Detail
Halifax Intermediary Exclusive 2 Year Fixed £999 Fee Purchase BHX1.14%FixedJun-20193.74%3.4%APRC30-Jun-2019 £99960%
Product Code: 001EJ2
Product Name: Intermediary Exclusive 2 Year Fixed £999 Fee Purchase
Product Availability: Exclusive Intermediaries Only
Lender Code: BHX
Lender Name: Halifax
Initial Pay Rate: 1.14
Mortgage Class: Fixed
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 463.72
Monthly Payment After Initial Period: 607.47
Fees Total: 1354.00
True Cost: 0.00
True Cost Over Initial Period: 12411.72
Cashback: 0.00
Valuation Fee: 355.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 0.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 161.27
Lender Product Reference: FAP508
Detail
TSB Intermediary 2 Year Tracker £995 Fee Purchase TSB1.19%TrackerJun-20193.74%3.4%APRC30-Jun-2019 £99560%
Product Code: 00070B
Product Name: Intermediary 2 Year Tracker £995 Fee Purchase
Product Availability: Intermediaries Only
Lender Code: TSB
Lender Name: TSB
Initial Pay Rate: 1.19
Mortgage Class: Tracker
Initial Rate Period: Jun-2019
Initial Rate Period Months: 26
Standard Variable Rate: 3.74
Apr Lenders: 3.4
Early Repayment Charge Applies Until: 30-Jun-2019
Early Repayment Charge Period Sort Field: 1433
Initial Monthly Payment: 466.61
Monthly Payment After Initial Period: 607.93
Fees Total: 1380.00
True Cost: 0.00
True Cost Over Initial Period: 12481.86
Cashback: 0.00
Valuation Fee: 350.00
Arrangement Fee: 995.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 35
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 0.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 0.00
Lender Product Reference: INC412
Detail
Nationwide BS 2 Year Tracker £999 Fee BNW1.19%Tracker2 years 3.74%3.3%APRC £99960%
Product Code: 455
Product Name: 2 Year Tracker £999 Fee
Lender Code: BNW
Lender Name: Nationwide BS
Initial Pay Rate: 1.19
Mortgage Class: Tracker
Initial Rate Period: 2 years
Initial Rate Period Months: 24
Standard Variable Rate: 3.74
Apr Lenders: 3.3
Early Repayment Charge Period Sort Field: 0
Initial Monthly Payment: 466.57
Monthly Payment After Initial Period: 608.92
Fees Total: 1084.00
True Cost: 0.00
True Cost Over Initial Period: 11262.68
Cashback: 0.00
Valuation Fee: 0.00
Arrangement Fee: 999.00
Booking Fee: 0.00
Higher Lending Charge: 0.00
CHAPS Fee: 20
Max LTV Available: 60
Product Type: Residential
Mortgage Discharge Fee: 65.00
Deeds Release Fee: 0.00
Product Match Status: Available
MaxLoan Available: 1000000.00
Legal Fee: 174.75
Lender Product Reference: 116886 / 116933
Detail

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The mortgage products displayed above are as a result of the following search: Reason for Mortgage: Purchase; Property Valuation: £200000; Mortgage Amount: £120000; Payment Method: Repayment; Mortgage Term: 25 years; Mortgage Product: All Offset: No Product Term Period From: 0 Months; Product Term Period To: 300 Months; . For a more accurate quotation please use our Quick Mortgage Quote facility.

Mortgage product availability is subject to status and availability.

Although great care is taken to ensure that product details are as accurate as possible no liability can be accepted for errors or omissions. To confirm details and availability of any product please click the “Do I Qualify” button.