How Your Mortgage Expert can help
Salisbury is a popular area for tourists, so it makes sense that Holiday Lets are a popular choice in the City. As such we have helped lots of people purchase holiday let properties and we can talk you through the whole process.
Our experienced, friendly team is based in the heart of Salisbury, Wiltshire. That means we can arrange face to face meetings to discuss your options. Or we can do everything over the phone.
Our team has:
- Over 80 years of experience in the mortgage and protection industry
- CeMAP qualified advisers
- Over 100 five-star reviews on Google
- Helped hundreds of people purchase second or additional properties
- Advise on Holiday Lets, Airbnb mortgages and Buy to Let
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.
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 in Salisbury.
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 AirBNB.
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 mortgages in Salisbury. Our office is in Salisbury City Centre, do we can arrange local meetings or everything can be carried out over the telephone.