Holiday Let Mortgages for the Self Employed
Are you a self-employed individual who is looking to buy a holiday let property? Well, you’re not alone. The number of self-employed people has been steadily rising over the years, but despite this growing trend, securing a mortgage as a ...
Holiday Let Mortgages for First Time Buyers
Are you a first-time buyer dreaming of owning a holiday let property? You might think it’s as simple as buying a property and renting it out, but beware of the risks lurking behind ‘back door residential transactions’. Lenders are on ...
Can we get a mortgage for a holiday let business?
A holiday let business is more than just a single rental property. It typically includes multiple units or even an entire holiday park. If you’re looking to finance a holiday let business, specialist commercial finance is the way to go. ...
Purchasing a Guest House or B&B
We receive many early stage enquiries from the travel and tourism sectors. A popular approach is to purchase an existing or start-up guest houses and B&B’s. Here are just a few of the questions we are asked that might be useful ...
What are holiday let occupancy clauses?
To own and run a UK holiday let you need to be aware of the occupancy rules and restrictions that apply to such properties. These will vary depending on the location, property type, usage and also the mortgage finance needed. ...
Section 106 Planning Restrictions
A Local Authority will often use a Section 106 planning restriction when they want to control how a property can be used. These powers come from Section 106 of the Town and Country Planning Act 1990. But why is this ...
Can I remortgage my holiday let?
Remortgaging a holiday let can be a great way to take advantage of better rates or terms, or to free up equity in the property for other investments. However, it’s important to understand the unique nature of holiday letting and ...
Can you get an interest-only holiday let mortgage?
Welcome to our guide on interest-only mortgages for holiday lets. If you’re considering investing in a holiday let, it’s important to understand the financial implications and options available to you. One such option is an interest-only holiday let mortgage. Interest ...
What kind of mortgage do you need for Airbnb?
Are you a landlord looking to make money from Airbnb rentals in the UK? If so, it is important to understand the type of mortgage you need for your property. With more and more people turning to short term rental ...
What kind of mortgage is best for a holiday rental property?
When it comes to mortgages, there are a few different types that you can choose from. If you are looking to purchase a holiday rental property – also known as a holiday let – then you will want to look ...
How To Buy a Holiday Home
When summer arrives, and our thoughts turn to getaway plans, many of us may consider buying a home at our favourite holiday destination. Generation Rent research has revealed that between 2021 and 2022, the number of second homes in England increased ...
Growing demand for holiday let mortgages
EVER DREAMED of owning a second home by the coast, or in your favourite UK holiday spot? Or perhaps you’re looking at a second home from purely an investment perspective. The good news is a holiday let mortgage could help you realise ...
Who offers the best holiday let mortgages?
In the main, the lenders that offer the best holiday let mortgages tend to be the smaller building societies, specialist finance companies plus some ‘Challenger Banks‘. The High Street banks are catching up but generally the lenders you need are ...
Using The Wrong Mortgage
It still happens too frequently that, in pursuit of a cheap interest rate, people will use an inappropriate mortgage product, intentionally misleading the lender. For example, using a standard residential mortgage for a property that is then used as a buy to let or holiday ...
Buy to Let vs Holiday Let
It is important to understand the differences between these two property types. Just because they both involve letting does not mean that they are similar; in fact the word “let” is possibly the only similarity. The law and finance for ...