- Holiday Lets
- Holiday Homes
- Letting & Personal Use
- To 85% Loan to Value
- Common Sense Underwriting
- No maximum age for residential & buy to let mortgages Lenders
- Historic Credit Issues Considered
- No Credit Scoring Application for Some Lenders
Holiday Let & Holiday Home Mortgages
Recent changes to tax rules for second properties which, in the main, affect buy to let properties, have prompted some of our clients to look at the possibility of holiday letting and we are often contacted by customers looking to arrange a holiday let mortgage – often called a buy to holiday let mortgage. Sometimes customers also wish to use the holiday let property as a their own personal holiday home from time to time.
Customers looking to arrange a mortgage on a holiday let property typically tell us that they are looking to do this as the rental yields are often higher than standard buy to lets. The work required to manage holiday let cottages and apartments is generally more intense than a standard buy to let property and the property cannot then be used as a personal residence. However, clients looking to arrange a holiday let mortgage often tell us they are comfortable with the additional workload, given the higher rental income and tax efficiencies of holiday letting.
We are contacted by clients looking to arrange holiday let mortgages in a variety of situations such as: