: Lenders typically view second homes as higher risk. Expect to provide a deposit of at least 25% for a buy-to-let or a significant percentage for a personal holiday home, according to NatWest .
: Factor in the "hidden" costs of owning two properties, including double utility bills, insurance (which may require "unoccupied" cover), and property management fees if you aren't living nearby. Summary of Stamp Duty Rates (Additional Properties) Purchase Price Band Standard Rate Second Home Rate Up to £125,000 £125,001 – £250,000 £250,001 – £925,000 Over £1.5 million buying a second home uk
: Unlike your main residence, a second home is not eligible for Private Residence Relief. When you sell, you will likely pay CGT on any profit made. : Lenders typically view second homes as higher risk
: Popular locations like Cornwall or the Lake District offer high demand but may face stricter local planning regulations or higher entry prices, as noted by Northwood . Summary of Stamp Duty Rates (Additional Properties) Purchase