Buying A Second Home Uk Apr 2026

: If you have significant equity in your primary residence, you can remortgage or take a further advance to fund the deposit or purchase price of the second property.

: 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

: 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 . : If you have significant equity in your