We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Our mortgage advisers know the lenders and their lending criteria well, enabling us to guide you to the best holiday let mortgage solutions.
Holiday let mortgages
What is a Holiday Let Mortgage?
A holiday let mortgage will allow you to purchase or remortgage a UK property and then let it out as a holiday let to paying guests.
It could be used as a holiday let or airbnb but cannot be used for tenants to live in long term (that’s a buy to let)
75% LTV
SCOTLAND
MIXED USE
LTD.CO SPV
How can we help you?
Holiday let mortgages are not a new concept, we have specialised in them since 2006.
But they are extremely popular at the moment and most people will be aware that you can own and rent a furnished house or flat to holidaymakers.
Even though the mortgage market is well established there are quite a few lenders that only deal with brokers and not direct with the public. And holiday lets have a unique status as they are a residential property that you let out (like a buy to let) and you can also use it yourself for personal holidays (like a holiday home).
Our mortgage brokers are all highly experienced in this sector and we frequently work with lenders to look at the lending market and see what product improvements are possible.
Here’s what we can do:
Source 75% LTV mortgages
Provide impartial, independent whole of market advice
Access to exclusive schemes not widely available to others
Include options from broker only and specialist lenders
Provide solutions for unusual and mixed use properties
Ideas regarding splitting titles and developments
Help where properties are affected by the six month rule
Talk directly to lenders about your holiday let project
Deal with holiday let remortgages and product transfers
Provide holiday park finance to site owners
Offer an efficient advice process over the phone and email
Full administration of your mortgage application
Where to now…?
Our advisers can help with any type of holiday let. So whether you are looking to buy a country cottage, convert a barn or remortgage a lighthouse, please give us a call.
Holiday Let Mortgage Criteria
The criteria that lenders impose for holiday lets is different to other mortgage types. It sits alongside buy to lets in basic principles but the lending market is smaller and the selection more individual.
All you need to know about the holiday let mortgage lending criteria.
Airbnb
Are mortgages available for Airbnb holiday accommodation? How easy is it to get an Airbnb mortgage.?
Now well established across the world Airbnb has dramatically changed the short term letting industry.
Holiday Let Insurance
Ordinary home insurance is not enough to ensure your holiday let is properly covered. Choosing a specialised insurance policy is vital to protect it from risks such as burglary and accidental damage.
There are many other reasons why you should choose the right insurance product for your holiday home.
Holiday Park Finance
We have a range of holiday park finance solutions that can help you expand your business and make the most of the increased demand for UK holidays.
Commercial finance suitable for freehold holiday parks. Funds available for site owners to purchase, develop, refurb, refinance and expand.
READY?
Simply call us on 020 8301 7930 to speak with an expert mortgage broker.
Development Finance
Property development for holiday let has gained significant traction in recent years. With the rise of platforms like Airbnb, the UK holiday let market has become a lucrative investment opportunity.
This guide aims to provide a comprehensive resource on property development for UK holiday let, highlighting its benefits, the process involved, financing options, and much more.
MIXED AND MULTI-UNIT HOLIDAY LETS
Holiday let projects comprising of mixed use and multi-units are very interesting to work on and are not easily accepted by the mainstream lenders.
Fortunately, we have a lot of experience assisting clients with them.
There’s no set structure for these but often the situations include multiple units, outbuildings, annexes, flats and an owner that wishes to live on site.
Tell me more about mixed use and multi-unit mortgages.
Property Insurance
Your holiday let needs specialist insurance to make sure you, your investment and your guests are fully covered and legal.
Mortgage Criteria
We hope to explain the main parts of the mortgage criteria which apply to both the premises and the applicants.
The Right Advice
Holiday cottage mortgages are more difficult to arrange than normal residential mortgages and are also very different from standard buy to let mortgage schemes. In fact you cannot use a buy to let mortgage on a house used for short term holiday lettings. The main reasons are that there is no AST and the holiday rental income cannot be calculated using normal criteria. You will also find some holiday let properties have a usage restriction at the Local Authority.
However, as a specialist independent mortgage broker we are able to arrange finance at competitive terms with the mortgage based on the holiday property’s rental income. We also have a number of exclusive mortgage products available upto 75% LTV (loan to value). Our in depth knowledge will guide you through the lending criteria and best interest rates from the UK’s specialist lenders in this market.
Mortgages for limited companies and SPV’s are available.
We can help with unusual properties including multi lets, mixed use and Airbnb.
By using an experienced mortgage broker you will gain access to lots of mortgage choices, help and advice, and the ability to secure finance for all property types including mixed use, multi lets, restricted use and Airbnb.
If you would like to discuss holiday cottage mortgages or holiday home mortgages then please call us on 020 8301 7930 or complete our online enquiry form.