Second Home Mortgages Hub
Whatever your reason for buying a second property, our specialists can explain your options and help you secure the right mortgage.
Second Home Mortgages
At Online Mortgage Advisor, our specialists understand how lenders assess second mortgage applications. They know which banks are more flexible, how to present your finances, and what steps you can take to improve your chances of approval.
Find out everything you need to know about second property mortgages with our comprehensive guide. Fortunately, plenty of financing options are available, such as remortgaging to buy another property.
It’s important to understand what is considered a second home, as well as the deposit requirements.
You might be considering buying a holiday home or perhaps a buy-to-let property as an investment.
Another common reason is to help a family member get on the property ladder. In this case, a joint borrower sole proprietor mortgage may be what you’re looking for.
When buying a second property, you will also need to consider stamp duty. Use our second property mortgage calculator to calculate your affordability.
Check your affordability
Use our calculator to see how much you could borrow while covering costs on both properties.
Read our guides
Browse our second home mortgage guides to understand deposits, stamp duty, and affordability rules.
Compare second home mortgage deals
Use our comparison tool to see which lenders are offering products for second homes.
Speak to an expert
Get matched with an advisor who understands second home mortgages and knows which lenders are most likely to accept your application.
Our advisors know how lenders assess second home mortgages and can help you secure the right deal. Make an enquiry today.
Our Guides
Expert mortgage guidance tailored for second home buyers.
Mortgage Tools & Calculators
Professional tools designed to help you understand your mortgage options, compare rates, and make informed decisions about your financial future.
Frequently Asked Questions
Still have questions about mortgages, rates, or the application process? Our comprehensive FAQ section covers everything from first-time buyer queries to complex remortgage scenarios.
Most lenders expect at least 10%, but many ask for 15–25% as second homes are seen as higher risk.
The exact amount depends on your overall affordability, including income, existing mortgage repayments, and other debts. Many buyers use equity from their first home to help fund the deposit.
Yes. Buying a second home usually means paying a 5% surcharge on top of the standard Stamp Duty Land Tax rates.
The surcharge applies to holiday homes, investment properties, and homes bought for family members, unless you are directly replacing your main residence.
Lenders will look at your income, outgoings, and existing mortgage to be sure you can comfortably afford both properties. Strong finances and a larger deposit can improve your chances of approval.
A mortgage advisor will search the market for you and recommend the best deal based on your situation. They do more than compare rates. They understand lender criteria, manage the paperwork, and know how to get complex cases approved.
With expertise in specialist mortgages and strong lender relationships, they save you time, reduce the risk of rejection, and often access deals not available directly.
Online Mortgage Advisor is an FCA-authorised mortgage broker serving customers nationwide. We match you with specialists who excel in situations like yours.
Over 600,000 borrowers have trusted us to help them find the right deal, and we are rated Excellent on Trustpilot.
Your first chat with an advisor is always free and comes with no obligation. If you choose to go ahead, fees vary depending on the complexity of your case, but you will always know the cost upfront. You will never be charged without agreeing to it first.
Customer Success Stories
Find out your best mortgage options today
You’ll have a dedicated team by your side from questions to completion, with clear choices and costs explained upfront. We’ll match you with a mortgage advisor specialising in your unique situation.