 Holiday let mortgages -
Finance options
Holiday let mortgages can be hard to arrange and
are generally excluded from standard buy-to-let
mortgage schemes. Many lenders will not lend on
a property that will be used and let out as a
holiday home. Fortunately, we know the lenders
that do like holiday let mortgages and second
property mortgages.
Holiday Letting is
deemed a commercial enterprise. HMRC take
this view and this can only be a good thing (see
Tax Guide) However, loans secured on Holiday Lets, sit
awkwardly between two stools. A loan which is
supporting a business; that is secured on a
residential property!
At
Holiday Let Mortgages, we have many years
experience in arranging Holiday Let finance; in
most cases, at non commercial rate’s (subject to
status). See below for an idea of what is
possible, then when you are ready, call one of
our advisers for an in depth discussion.
 Purchases and
re-mortgages
of second homes to a maximum loan to value of 75
%
First time buyer loans available
Max loan size (subjects to limits above)
assessed on rental income or a combination of
rental and personal income.
Non-Traditional construction available, Minimum
value £ 150,000Properties in Scotland, including “highlands and
islands”.
Multiple self contained Holiday Let’s on a
single title.
Holiday Let development/conversion finance.
Capital raising on a
first
or
second charge
basis available
Overseas mortgages
Please
contact us
to discuss your holiday let mortgage
requirements or call 0800 840 3111
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