Second Home Mortgage

Posted on 6 July 2016 by Wendy

We own our house outright, mortgage free, but are wanting to buy another home near the coast to use as and when we can then eventually retire there. Would it be possible to get a mortgage on the 2nd property as this wouldn't be our main residence.

We're looking to buy a second home. Can we get a mortgage on it?

Hi Wendy,

Without knowing any of the figures involved, I can't say for certain, but in theory there's no reason why you can't get a mortgage on the second home you are looking to buy. As long as you meet the lenders standard criteria and affordability checks this should be something that can be done.

I think it would be worth exploring your options in a bit more detail, and if you speak to one of our consultants on 0344 346 3672, they'll be able to give you a clearer idea of exactly how we can help.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.


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