Additional Property FAQs
Do I have to pay Stamp Duty Land Tax (SDLT)?
Yes, you will have to pay stamp duty when buying an additional property, you have a 3% surcharge on top of the usual SDLT.
How are buy-to-let mortgages different?
Mortgages for buy-to-let properties are riskier for lenders, therefore they tend to charge higher fees than on a regular mortgage. Interest rates are also higher, while you’ll also be expected to put down a higher deposit.
How much deposit will I need for a buy-to-let?
The minimum deposit is usually 25% of the property’s value, although this can vary between 20 and 40% with different lenders
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