Tell the bank the mortgage is buy to let or second home?

Macaonbhuit

I'm looking at buying a 2 bed apartment, which I may or may not let out and may or may not use as a holiday home or even do both over the life of ownership (the indecisiveness issue is long story). I have a 25% deposit, and means to repay based on a long savings history, and am currently paying an existing mortgage in an accelerated fashion. My spouse and I are full time permanent, one public service, one private sector, both with 16 years with current employers, and have no other debt. As I am about to apply for a.mortgage, I wanted some opinion on whether I declare myself as a buy to let or 2nd home applicant. Would appreciate thoughts on which way to go to maximise possibilities of getting the mortgage, minimising the decision time and/or getting the best rate.

MouseTail

You would need to be gold standard in order to get a mortgage for a second home, as in very high wages and a low enough PPR mortgage. I'd imagine you would need greater than 25% deposit also.

Zebrano

If u tell them its buy to let they may put you on a commercial rate which is higher rate

eyescreamcone

Go with a different lender.
Tell them that you are going to rent the number 1 house and use the number 2 house as your PPR.
Rates for BTL are much higher than PPR .