We will need you to offer us with a key so we now have access to the property and may present it to potential tenants. Enquire now to obtain full data on this property funding opportunity together with a FREE data pack, reside availability, prices and flooring plans. If you’re wondering how to purchase a second property to rent out, listed beneath are three quick and helpful tips for purchasing a second home. If you’re still using a residential mortgage to pay for the first property, you may need to change this to a buy to let mortgage, whereas utilizing a residential mortgage to fund your second property. For buy to let purchases, buyers must pay 3% tax on property priced between £40,000 to £125,000, 5% tax on property value £125,000 to £250,000, or 8% tax on a property priced between £250,000 to £925,000.

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