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holiday let mortgages
Buy To Let Mortgages
This type of mortgage is rarer throughout the UK, however, through our extensive range of available lenders and products, we can find the most suitable Holiday Let Mortgage for you from our extensive range.
Things to consider when thinking about a Holiday Let Property. You will typically need a larger deposit than a traditional Buy To Let. Whilst good Buy To Let rates can be attained at 80% loan to value with a 20% deposit, a typical Holiday Let Mortgage will require a 30% deposit due to the larger perceived risk as there are limited lenders in the market allowing this type of mortgage.
Also, whilst a Buy To Let mortgage will require a tenancy agreement to prove the validity of the income, a Holiday Let will typically have greater risk of “void” periods when the property may not be let out. For this reason, there is a higher chance the lender will assess your ability to pay the mortgage in terms of overall affordability. Our expert team will assess this for you on your behalf and make sure that you can obtain the Holiday Let Mortgage that you are looking for. Speak to one of our Mortgage Experts today and see what we can do for your Holiday home dreams by securing a Holiday Let mortgage that is right for you.
Would you be able to get a Holiday Let Mortgage?
Criteria differs from lender to lender but here is a typical overview.
Regulation changes, portfolio limits, LTD companies and more. With buy to let becoming more and more complex why not talk to us so we can plan your strategy together.