How To Buy A Second Property With No Deposit . Buying a Home Without a Deposit MakesCents Home Loans A range of circumstances will influence the decisions you make when you buy your second property. You could use the equity on your main home to take out a remortgage and use those funds for a deposit on buying your second property.
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Using Equity to Buy A Second Property How to buy with no deposit The rates change based on the property's value and if it's a main or second home What you pay will depend on how you intend to use it, whether as a buy-to-let property or a holiday home. Mortgage lenders ask for a minimum deposit of 15% on a second home, or 25% if it's a buy-to-let mortgage
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