Fancy a luxury let as a side hustle? Or an Air BnB you can use as a bolt hole? We’re here to help you find the right mortgage deal to get your holiday home up and running.
With a boom in ‘staycations’, the demand for holiday lets, and in turn holiday let mortgages, has risen substantially in recent years. Yet holiday let mortgages are quite different to both standard residential mortgages and buy-to-let mortgages. This is mostly thanks to their risk profile -fluctuations in seasonal rental income presents a greater level of risk to lenders.
You can use a holiday let mortgage to buy a home that you plan to let out to tourists and visitors on a short-term basis. But this is different to a mortgage designed for a second home that you want to use yourself and not rent out. Some lenders will allow you personal use of the let, up to a maximum number of days, some may limit the number of holiday lets you’re allowed and some will prevent you from advertising via Air BnB. But others, may have different restrictions.
As different lenders follow different rules, it’s helpful to work with specialists who can establish what you want and need in a product and then work to find the best deal for you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
Complete our form or give us a call. Everyone’s needs are different so we’ll gather all he info we need to help make your application as smooth as possible.
We have access to hundreds of deals. Our team will search the market and give you options that best suit your needs and save you money.
Buying a property is rarely straightforward, so our expert team will be there to guide you all the way through the process from offer to completion.
When we talk about “Protection”, we mean the different types of life and protection insurance that you can choose to put in place to guard against unforeseen events. That might be a sudden and serious illness, redundancy and subsequent unemployment, or even death. A protection policy will ensure you and your family have financial support should you lose your job or become no longer able to work.
According to recent research, more than half of homeowners under 40 do not currently have critical illness cover (CIC). Which is fine, until it’s not fine…
Your credit score is very important for your mortgage application. There are a number of factors that affect your credit score and therefore your ability to get a mortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £549.
