Mortgages offered on a holiday let basis contain clauses specific to the business of holiday letting. So, as an example, their mortgage offers contain a clause disallowing any form of long term letting on an Assured Shorthold Tenancy (AST) basis. So the property can be used as a holiday but cannot be used as a [read more]
Category Archives: Mortgages
23
Sep
Sep
Secured Loans The market for secured loans is growing, as more homeowners opt for improving, rather than moving. There are, however, lots of other reasons why homeowners are using secured loans. It’s not always possible for homeowners to borrow the level of money that they sometimes need unsecured and main or 1st mortgage lenders can [read more]
24
Jun
Jun
Renovations, refurbishments and conversions: Finance Options In this article we will look at the finance options available for property refurbishments, restorations and conversions of commercial, semi commercial buy to let (BTL) and Holiday Let property and specifically not for buying property for use as a primary residence which either requires upgrading immediately, or is just [read more]
08
Apr
Apr
It is important to understand the differences between these two categories. Just because the both involve letting does not mean that they are similar; in fact the word “let” is possibly the only similarity. The law, taxation and finance for these including much of the underwriting rationale for the finance are quite different Let us [read more]