AirBNB Buy To Let Mortgages
Lenders are cautious about these at the moment, however, through our expert team we can help you find a suitable AirBNB mortgage for your circumstances. The concept of AirBNB grants you access to a huge market of people looking for a short term let. It has become particularly popular over the last few years and is now rivalling the more traditional hotel and bed and breakfast market.
With the influx of new AirBNB properties there is a growing need for AirBNB Buy to Let mortgages
One of the biggest concerns when letting out your property on a short term let would be damage to the property. AirBNB has sought to bring a host guarantee which can cover you by up to £600,000 in the event your property was damaged. This allows for an element of peace of mind when considering what is the right option for you but should be used inline with your normal home insurance. Typically, we would need the property to be let out on an AirBNB basis for the last 12 months but through our extensive relationships with the lenders this is changing daily. We expect this to be more prevalent with more and more lenders “taking a view” on these properties than before.
Whilst there tends to be more work involved with an AirBNB property as opposed to a traditional Buy To Let mortgage, there are commonly higher rental yields as you can take advantage of busy periods when the price to let the property can increase allowing more profit to be made.
We will help you to make sense of the AirBNB mortgages that are available and use all our knowledge to secure you the best rate possible from our huge available range of over 12,000 products. Please contact one of our specialist AirBNB mortgage experts today to see what we can do for you.
If you want to let a property out and also spend time living in it throughout the year, a standard residential mortgage or buy to let mortgage is not right for you so it’s important you sign up to a suitable mortgage product as not doing so will mean a breach of contract.