Holiday Home And Holiday Let Mortgages explained
Over the last few years, more and more people are choosing to holiday in the UK and have “staycations”. In response to this, we have been increasingly helping our clients with holiday home and Holiday Let mortgages advice.
Getting a mortgage for a holiday let home works differently from a standard Buy to Let Mortgage. This is because the lender will perceive it a greater risk than a normal Buy to Let because the income isn’t necessarily guaranteed every week of the year.
We know which lenders will accept Holiday Let mortgage applications. We have access to lenders who have adapted their lending criteria to include mortgages on holiday lets, holiday homes, and Air BNB.
We also know what criteria different mortgage lenders have with regards to holiday let mortgages. For example:
- Whether you want the mortgage based on income or annual rent
- Whether the lender will allow Air BNB
- Whether you intend to use the home yourself as well as let it out
- Whether you want to have the mortgage in your personal name or a Limited Company
However you want to approach your holiday home, we can help with experienced Holiday Let mortgage advice.
There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
How we work
- Take time to get to know you and your intentions
- Personalised, hard working service
- Close relationships with specialist lenders
- Detailed research to ensure you save money
- Take care of the paperwork to minimise stress
- The experience to get a good result for you
Why choose us?
We are not like other brokers. We have over 80 years of experience in the mortgage and protection industry. Our clients include portfolio landlords, single property investors and Limited Company landlords. We have the expertise to make the difference for you.
We have over 100 five star reviews on Google and over 90 verified reviews on VouchedFor. And we would love to work hard for you.
If you need Holiday Home or Holiday Let Mortgage Advice ring Your Mortgage Expert now on 01722 322683. Or complete a contact form using the link below.
Meet the team
Our small, friendly team is based in the heart of Salisbury, Wiltshire. But we can help you no matter where you live in the UK. Sometimes it’s nice to put a name to a face. So if you want to find out more about us, visit our Meet the Team page.
Our team has:
- Over 80 years of experience in the mortgage and protection industry
- All members of our customer facing team have mortgage qualifications
- We have over 100 five-star reviews on Google
- Have helped hundreds of people purchase properties
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Dan Harris - Mortgage Adviser
Dan Harris first started working in mortgages in 2004. Since then, he has helped lots of people to remortgage. Dan has great attention to detail and will do the hard work to ensure you get the best recommendation. -
Adam Nanson - Mortgage Adviser
Adam Nanson has worked in the Mortgage Industry for over 20 years. He has expertise with working with Contractors and Self Employed individuals. He'll work hard to get the best rate for you.