We can provide second mortgages if you’re looking to buy another property

If you’re already paying off a mortgage on your home but are looking to purchase another property, whether it’s a new holiday home or to generate rental income, it’s likely that you’ll need a second home mortgage.

A second home is typically defined as a home that you will use exclusively for yourself and family members. With any second mortgage application, there will undoubtedly be more challenges to face than with your first mortgage, but these are not unsurmountable.

  • Single or joint applications
  • Fixed or variable rates available
  • Holiday Home or Buy to Let
  • Competitive rates

No obligation advice on a second home mortgage

Try our Mortgage Calculator – let’s see what you could borrow

Rates may differ based on your circumstances

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Latest mortgage best buys

Based on a mortgage of £130,000 on a property worth £260,000

Initial rate
Overall cost for comparison
0.89% Tracker
then 3.7% (variable)
3.7% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £0.00
  • Other fees
    £1,326.00
  • Cashback
    £0.00

Other info

  • Exit fee
    £0.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Tracker rate’ of 0.89% would initially cost £487.20 for 24 months. This would be followed by 276 monthly payments at a variable rate of 3.7% costing £686.93 per month. The total amount payable over the full term of the mortgage would be £201,302.48, made up of the loan amount plus interest and fees (£1,016.00). The overall cost for comparison is 3.7% APRC.
1.14% Fixed
then 3.3% (variable)
3.3% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £0.00
  • Other fees
    £540.00
  • Cashback
    £0.00

Other info

  • Exit fee
    £65.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Fixed rate’ of 1.14% would initially cost £502.12 for 24 months. This would be followed by 276 monthly payments at a variable rate of 3.3% costing £658.94 per month. The total amount payable over the full term of the mortgage would be £193,983.32, made up of the loan amount plus interest and fees (£1,084.00). The overall cost for comparison is 3.3% APRC.
1.85% Variable
then 2.1% (variable)
2.1% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £0.00
  • Other fees
    £770.43
  • Cashback
    £0.00

Other info

  • Exit fee
    £125.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Variable rate’ of 1.85% would initially cost £545.73 for 0 months. This would be followed by 300 monthly payments at a variable rate of 2.1% costing £545.73 per month. The total amount payable over the full term of the mortgage would be £163,852.00, made up of the loan amount plus interest and fees (£1,132.00). The overall cost for comparison is 2.1% APRC.

6 Great reasons to choose Clever Mortgages

Specialists in bad credit

Every member of our team is trained in bad credit situations and know how to find the right solutions for customers – helping them get the mortgage that’ll get them back on track.

Over 100 lenders

The number and quality of lenders we work with means we have access to a diverse spectrum of best-rate deals. The lenders we use means we have all areas covered – even for those in particularly niche circumstances.

Not every case is the same

As each customer’s situation is unique, we take the time to understand your situation, and we carefully assess your goals and how we’ll make sure the mortgage we get helps you to achieve them.

Access To Exclusive Rates

The relationship we have with our lenders means we have access to products and deals that simply aren’t available to customers going direct. This is true particularly for those in adverse credit situations.

Offering the best support

We know that buying or moving house and getting a mortgage is stressful, so we do our upmost to make the process as hassle-free as possible. We’re there for you at every step, always keeping you in the loop.

Excellent Reviews

We’re proud of our long-standing 5 Star Rating on Trust Pilot, and love all the positive feedback we get from customers every day. We feel privileged to help people get a great deal with far less stress.

Why use a mortgage broker?

Mortgage brokers can help you find the best deals on the market – not just from one lender. With a broker you’ll get:

  • Valuable knowledge, through years of experience helping customers to find mortgages
  • An improved chance at finding a mortgage, some mortgages are only available through a broker
  • Help with the application process, as usually just one application can be used across various lenders
  • Advice on how to improve your chances, for instance getting a guarantor or applying for a joint mortgage
About Clever Mortgages

We specialise in assessing an individual’s situation, and finding a best-fit mortgage solution for them. We can help:

  • With remortgages, buy-to-let, and first-time buyers mortgages. We have experts over all of these areas
  • Even if you’ve got bad credit – we help people every day with less than perfect credit histories to find the right mortgage
  • With applications, as we’ll take the hassle away. We require your details once and we’ll know the best lenders for your circumstance

Our team know the lenders that are most likely to say ‘yes’, and to give the best rates

What should I do next?

You enquire online with us today or give us a call
Our simple form takes a couple of minutes to fill in, this gets the ball rolling

One of our experts will give you a call to find out more about your situation
We have experts in remortgaging, who focus solely on helping customers save money

We do all the hard work for you
We search the market for the trusted lender that’s right for you

Our expert will get back in touch
We can guide you every step of the way, and we’ll always keep you up-to-date with progress

Speak to a broker

Laura Connor

Laura is a specialist mortgage broker, whose been working for Clever Mortgages for 5 years and has over 11 years experience in Financial Services.

Call us on: 0800 197 0504

Below are some of the lenders we work with