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Salisbury Mortgage Advice

Airbnb Mortgage Advice in Salisbury We've got you covered.

Thinking about buying a property to turn into an Airbnb in Salisbury? Or do you own an existing property that you’re thinking of using as an Airbnb? We can help guide you through the mortgage process:

  • Understand what type of mortgage will be appropriate for you
  • Relationships with specialist lenders who lend on Airbnb
  • Knowledge of lender criteria for Airbnb

Getting a mortgage for an Airbnb property can be complicated but not impossible. Get in touch today for Airbnb Mortgage advice in Salisbury.

Airbnb Mortgage Advice in Salisbury (1)

Can I get a mortgage for my Airbnb property?

Salisbury is such a draw for tourists and business people. As a result, it is a popular area for Airbnbs and holiday lets.

If you’re intending to use your property for short term holiday let such as Airbnb, the mortgage lending process can be more complicated. In addition, lenders tend to have more strict lending criteria. We would therefore advise you to speak to an experienced mortgage broker like us.

The most important thing we will discuss with you is what your letting strategy will be. In particular:

  • Will you be letting out the whole property or part of it?
  • How many days do you plan to let out the property?
  • What is your anticipated rental income for the year?
  • Are you planning to live in some or all of the property?

Once we understand this, we can then help you with your rental calculations to understand what is possible. It also guides us to which type of mortgage to choose and then package your case to maximise success.

The criteria for an Airbnb mortgage will differ from one lender to another. It might be that you need go to a specialist mortgage lender. Some of these lenders only allow applications through brokers like us.

We know what documents you need to provide to the lender to prove your affordability. We have relationships with specialist lenders who are more likely to accept applications for short term lets like Airbnb.

By using an experienced mortgage adviser like us, we can help guide you through this whole process and help make it as stress free as possible.

Our office is in Salisbury City Centre, so we have strong connections with local property partners. Including solicitors, estate agents and architects. We understand the local property market.

Contact us today for Airbnb Mortgage Advice in Salisbury.

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Airbnb Mortgage Advice

What type of mortgage is right for my Airbnb Property?

Once you have decided your letting strategy, we can then look at which type of mortgage suits. Here are the main options:

  1. Holiday Let mortgage

Generally lenders prefer traditional holiday lets to short term letting such as Airbnb. However, some lenders may permit property rental through platforms like Airbnb. Criteria can be quite strict for this and loans are often restricted.

  1. Buy to Let mortgage

Most Buy to Let mortgage lenders prefer you to rent to the same tenant for a longer period of time. This means that many buy to let mortgage products are not suitable for short term lets like Airbnb. There are some Buy to Let lenders that permit short term holiday lets. The criteria tends to be quite strict around how many days the property is let for and what proportion of the property is let out.

  1. Residential mortgage

If you are planning to live in your home and rent it out for less than 7 days at a time. And for fewer than 90 days annually, you might be able to use a residential mortgage. It’s important that you speak to your existing lender before going down this route as not all lenders permit this.

It can be hard to know what is appropriate for you without speaking to a mortgage broker like us. We will take the time to understand your personal circumstances and do the calculations with regards to rental forecasts. We will also fully work out how much of the house you want to rent out and for how long each year. All of this will help to determine which type of mortgage is suitable for you.

Airbnb mortgages are not straightforward and it is important you keep to the terms of your mortgage contract.

If you want to understand your mortgage options then get in touch with us today for Airbnb Mortgage Advice. We have access to the current mortgage deals, some of which are not available directly. We can help you maximise the profits from your investment.

Our office is in Salisbury City Centre which means that, if you are local, we can arrange a face to face appointments. We will take the time to talk through all your options.

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Why choose us?

Our friendly, experienced team is based in the heart of Salisbury, Wiltshire. But we can help you no matter where you live in the UK. To find out more about Your Mortgage Expert, visit our Meet the Team page.

Our team has:

  • Over 80 years of experience in the mortgage and protection industry
  • Close relationships with high street and specialist lenders
  • We have over 100 five-star reviews on Google
  • Have helped hundreds people access mortgages holiday let and buy to let mortgages

How we work:

  • Personalised, hard working service
  • Search 1000s of deals from multiple lenders
  • Detailed research to ensure you save money
  • Take care of the paperwork to minimise stress
  • By your side from application to completion
  • The experience to get a good result for you

Contact us today for Airbnb Mortgage Advice in Salisbury and see how we can help you get a successful outcome.

  • Claire Northcote Mortgage Advice

    Claire Northcote - Mortgage Adviser

    Claire lives with her daughter in Salisbury. Prior to Your Mortgage Expert, she worked in several local estate agents. Meaning she understands the local property market. Claire will take the time to get to know you and to understand how she can help.
    Email Claire
  • Adam Nanson mortgage adviser photo

    Adam Nanson - Mortgage Adviser

    Adam lives in Salisbury with his family. He's worked in mortgages for over 20 years and has huge experience working with buy to let and holiday let mortgages. He'll break down the jargon and find the solution for you.
    Email Adam

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