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How much tax will you have to pay?
You'll have to pay any standard Transaction Tax, which varies across the UK and is based on the price and location of the property you're buying. You might also have to pay an Additional Dwelling Supplement. You can find how much you may have to pay by using the calculator on the Revenue Scotland website.
Buying a holiday home Buying a holiday home
Your lender will need proof that one of your properties is used as your main home.
- You'll also have to explain the purpose of the second property.
- You can then apply for a second residential mortgage to help buy your new home
- If you get a mortgage for a holiday home, you won't be able to rent it out. If you're intending to rent it out you should apply for a commercial loan
- Mortgages are available for over 18s on UK properties.
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Buying a property to rent out Buying a property to rent out
Look into the location to make sure it's a sound investment.
- The amount you earn in rent will have to exceed an agreed percentage of your monthly mortgage repayments
- Some lenders will limit the amount you can borrow to buy a rental property, or the number of buy to let mortgages you can have
- Mortgages are available for over 18s on UK properties.
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Thinking of buying at auction?
If you're considering buying a property at auction, our guide can help you understand what's involved and what costs you may have to cover.
Ready to take the next step?
Check out our mortgage rates
Our calculator can help you see how much different mortgages may cost you so you can work out what you can afford.
Get an Agreement in Principle
This will help to show estate agents that you're serious about buying a second property, and it won't impact your credit file.
Need some help?
Call us
We're on hand to arrange a phone or video call with one of our qualified mortgage professionals. We can also help with any general queries about the process.
Call us on ${dn-0800 056 0567}
Opening hours: Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed. Excluding public holidays.
Buy to Let? NatWest only provide Buy to Let mortgages online for small portfolio landlords.
- Please use the NatWest tools and guidance designed to help you complete your mortgage application online.
- We do not provide advice on Buy to Let mortgages but if you need technical help with your online application, get in touch so we can provide support.
- If you are not a small portfolio landlord, or you wish to apply with a mortgage professional, NatWest Buy to Let mortgages are available via mortgage brokers.