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Buying an additional property

See what buying an additional home could look like for you

NatWest mortgages are available to over 18s. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Thinking about buying another property?

People buy additional properties for all sorts of reasons—maybe a weekend getaway spot, a handy city base for work, or even a place for family to call home. Before you dive in, it’s worth checking that it’s affordable. And that means more than just the monthly payments—you’ll also need to factor in the one-off costs that come with buying a property.

Things to consider when buying an additional property

Getting a second home mortgage depends on several factors—one of the most important is whether you can comfortably manage the repayments. When we check affordability, we look at the bills and mortgage payments you already have, plus the estimated costs of running your new home. This helps make sure everything stays manageable for you. Other things that you should plan for:

  • You'll require a deposit for your additional property.
  • Buying another property will bring additional stamp duty costs. Stamp Duty surcharges may be payable on any additional properties you buy.
  • There will also be other fees to consider such as legal fees, mortgage arrangement fees and voluation fees.

If you're looking to buy a second property so you can rent it out, find out more about getting a buy to let mortgage with us.

How much Stamp Duty would I pay on a second home?

If you buy an additional property in England or Northern Ireland, you may have to pay a Stamp Duty surcharge. This is an extra percentage of Stamp Duty on top of the normal rate.

Other similar charges may apply in Scotland and Wales.

Learn about second home Stamp Duty costs Open in new window

Getting a mortgage for an additional property

Buying a holiday home for you to enjoy

Own a home in your favorite holiday spot.

Escape on Friday, return Sunday refreshed and ready for the week ahead.

When applying for a second residential mortgage, you’ll need to state its purpose. Holiday homes can’t be rented out—if you plan to let it, apply for a commercial loan instead.

Information Message

Get an Agreement in Principle Open in new window

Buying a property to rent out

Could earn rental income and grow in value over time.

A buy-to-let mortgage is for buying a property you plan to rent out.

Your rental income usually needs to cover a set percentage of your monthly mortgage payments. Some lenders may also limit how much you can borrow or how many buy-to-let mortgages you can have.

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Read our buy to let mortgage guide Open in new window

Helping a family member buy a home

Supporting a family member or friend to own their own home.

A Family Backed Mortgage could help a loved one to get onto the property ladder. It offers a practical way to support them without the need to buy a property yourself. It’s a solution that combines flexibility with reassurance, making homeownership more achievable for those you care about. Exclusions & eligibility apply.

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Learn about our Family-Backed Mortgages Open in new window
auctioneers gavel in front of a model of a house being used at a housing auction

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.

Our guide to buying a house at auction Open in new window

Second home mortgages: Frequently asked questions

Check our mortgage calculator and get an AIP

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Find out how much you could borrow

Our mortgage calculator could help you see how much you may be able to borrow. You can then take a look at our rates and see what your monthly repayments could be.

Find out how much you could borrow Open in new window
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Get an Agreement in Principle

You can get a free, personalised indication of how much you may be able to borrow for a second property, and it won't impact your credit score.

Get an Agreement in Principle Open in new window