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11-07-2019, 15:36   #1
suave.4u
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Join Date: Dec 2012
Posts: 505
Second property: interest rates

Hi Guys,

So we finished off our mortgage and wanted to move into a bigger house.
I am unable to find the interest rates for 2nd property in sites like bonkers etc. The options are very less.
Where can I get accurate information of all banks. What would be the minimum variable payment rate.

Regards,
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11-07-2019, 15:42   #2
srsly78
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Join Date: Oct 2010
Posts: 6,986
There is no different interest rate. Bonkers shows what you can expect.
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12-07-2019, 09:30   #3
cruizer101
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Join Date: Aug 2009
Posts: 2,194
When you say 2nd property do you mean you want to get a new mortgage for the bigger house whilst keeping the old.
In that case the rates are correct as the rates are for ppr (principal primary residence, I think, basically where you live)
If you were to take a mortgage on a second property which you are not going to live in the rates would be different.
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