Are mortgages for holiday lets always repayment?

No, holiday let mortgages don’t always have to be set up on a repayment basis.

As with buy to let mortgages, a mortgage for a holiday let can be arranged as either a repayment or interest only. Paying just the interest each month makes the mortgage payments considerably less.

Not all lenders are happy about this but there’s a good amount of choice for interest only options.

But you will need to consider how you are to repay the mortgage when the term ends.

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