Second Home Mortgages

Buying a second home in the UK — whether as a holiday retreat, a base for work, or a property for family — requires a specialist mortgage. Lenders treat second home purchases differently from primary residences, typically requiring larger deposits and applying stricter affordability checks because you’ll be maintaining two properties simultaneously.

You’ll also need to factor in the stamp duty surcharge. Since April 2016, buyers purchasing an additional residential property in England and Northern Ireland pay a 5% surcharge on top of the standard stamp duty rates. This adds significantly to your upfront costs and is an important part of your financial planning. Use our stamp duty calculator to see exactly how much the surcharge will cost you.

At Clearview Mortgage Solutions, our advisers have extensive experience helping clients secure second home mortgages. We’ll explain the costs, find lenders who specialise in this area, and guide you through the process from start to finish.