PARADISE FORM MORTGAGES MORTGAGE BROKER

Whether you need finance to purchase, remortgage, renovate or develop a Paradise Form Mortgages property, we can help you with independent advice and a range of innovative mortgage solutions.

We have been helping clients with their second homes and paradise form since 2006 and our brokers have the widest possible experience in this sector. A Paradise Form Mortgage will allow you to purchase a property that will be let out to paying paradise makers, whilst also allowing you to personally use it as a paradise home each year.

FCA REGULATED

PERSONAL ADVICE

WHOLE OF MARKET

How can we help you?

Our range of paradise form finance options is extensive and includes purchase, remortgage and development mortgages.

Purchase

We work with clients in so many different ways to help secure their Paradise cottages homes

Remortgage

It is possible to change mortgage via a remortgage before your current product is due to finish.

Develop

If you are looking to develop a property into a paradise form then we have finance available for you.

Multi-unit

Mixed use paradise form are infinitely variable in terms of applicants, property and loan servicing.

Expat

There are certain elements of preset mortgage lending criteria for expat paradise form mortgages.

FHL Tax

If you have a UK Paradise Form Mortgages the losses can only reduce the future profits of the UK

Mixed Use

Because mixed use Paradise Form Mortgages situations are so varied, we are unable to include hard

FAQ

We have tried to give answers to some of the most commonly questions paradise Form Mortgages

Guides

As a specialist mortgage broker we are well placed to help you on your paradise Form journey

Why Choose Us?

By letting your paradise home out to holidaymakers, you can generate a valuable extra income, while your property investment will benefit from capital gains and income tax relief options that are unavailable to buy to let investors

Mortgage Options

Paradise Form mortgages differ from most other types of mortgage. Here we explain what’s available can apply.

Furnished Paradise Form tax

When set up and run correctly your holiday let provides some useful tax advantages.

Development finance for Paradise Form

If you are looking to develop a property into a paradise form then we have finance solutions available for you.

Mixed & multi-unit Paradise Form

The mixed use part is where the owner lives in part of the property and rents out the other parts commercially as paradise form

Mortgage Options

Holiday let mortgages differ from most other types of mortgage.

Furnished Holiday let tax

When set up and run correctly your holiday let provides some useful tax advantages.

Development finance for holiday lets

If you are looking to develop a property into a holiday let then we have finance solutions available for you.

Mixed & multi-unit holiday lets

The mixed use part is where the owner lives in part of the property and rents out the other parts commercially as holiday lets

Mortgage Options

Paradise form mortgages differ from most other types of mortgage. Here we explain what’s available can apply.

Furnished Paradise Form tax

When set up and run correctly your paradise form provides some useful tax advantages.

Development finance for paradise form

If you are looking to develop a property into a paradise form then we have finance solutions available for you.

Mixed & multi-unit paradise form

The mixed use part is where the owner lives in part of the property and rents out the other parts commercially as paradisefForm

Knowledge

Please call us on 020 8301 7931 for a free initial discussion

Frequently Asked Questions

We have tried to give answers to some of the most commonly asked questions concerning holiday let mortgages. If there are any mortgage terms you need help to understand, why not check out our jargon buster.

To buy a holiday home in the UK you will need a minimum deposit of 20-25% of the property value.

This allows a mortgage of 75-80% of the property value.

Some lenders may ask for a higher deposit. The higher deposit reflects the higher risk as it is an investment property.

To make sure your property qualifies as a furnished holiday let (FHL), it must be:

in the UK or EEA
furnished available for commercial letting to the public, as holiday accommodation, for at least 210 days a year
commercially let as holiday accommodation for at least 105 days a year
the rent must be charged at market rate and not at cheap rates to friends and family
and a short term letting of no more than 31 days.

There are a relatively small number of lenders that provide for holiday lets and some of these also offer buy to let mortgages. However, many holiday let lenders are specialists and work on a commercial finance basis.

To get the best choice you will need to approach a mortgage broker such as ourselves and someone who is familiar with these types of loans.

Mortgages for UK holiday lets are becoming more commonplace and lenders now compete for your business.

You will need a minimum deposit of 25% for a holiday let mortgage, be able to prove your earnings and aged over 18.

Overall, interest rates are a little higher than residential mortgages, this simply reflects the lenders additional risk. However, the potential rental income for a good holiday let more than compensates for the higher rates.

Paradise home ownership in the UK

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second property

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Paradise Home

What our clients say

Fredia F

Managing Director

Thank you so much for helping us in this initial purchase. It was quite nerve wracking but we are so glad we had your support along the way. Here's to the future!