Looking to buy a second/holiday home ?
Fee Free Second Home Mortgage Advice
At Grove Mortgages, we provide fee-free second home mortgage advice, helping you compare lenders and understand how affordability works when you already have an existing mortgage.
Buying a second property can be an exciting step, whether you’re purchasing a holiday home, a property for family use, or a second residence. However, financing a second property usually requires a second home mortgage, which works slightly differently from a standard residential mortgage.
Our advisers guide you through the entire process to help you secure the most suitable mortgage for your second property.
If you’re looking for something else, it might be advice for first-time-buyers, buy-to-let or remortgaging.
Did You Know?
- How much you could afford to borrow?
- The best mortgage products from a range of lenders?
- How much your mortgage payments are likely to be?
- What the tax implications might be?
- If there are increased legal fees?
What do clients say about our fee free second home advice?
What Is a Second Home Mortgage?
How Much Deposit Do You Need for a Second Home?
Why Use a Fee Free Mortgage Broker for a Second Home?
A second home mortgage is a mortgage used to purchase an additional residential property that you intend to use personally rather than rent out.
People often buy second homes for:
Holiday properties
A home closer to work
A property for family members
A future retirement home
Unlike buy-to-let mortgages, second home mortgages are based primarily on your personal income and ability to afford two mortgages. Get in touch now for fee free advice about second home mortgages.
Deposits for second home mortgages are usually larger than for standard residential mortgages.
Many lenders typically require:
10–20% deposit minimum
Higher deposits for better mortgage rates
Lenders assess whether your income can support both your current mortgage and the new mortgage before approving the loan
A mortgage broker can compare a wide range of lenders and mortgage deals, helping you find the best option for your situation.
At Grove Mortgages, we:
Compare mortgages from multiple lenders
Help you secure competitive interest rates
Manage the application process
Provide clear, personalised advice
Offer fee-free mortgage advice
Our goal is to make remortgaging simple, stress-free and fee free!