YOUR HOLIDAY LET MORTGAGE BROKER
Whether you need finance to purchase, remortgage, renovate or develop a holiday let 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 holiday lets since 2006 and our brokers have the widest possible experience in this sector. A holiday let mortgage will allow you to purchase a property that will be let out to paying holidaymakers, whilst also allowing you to personally use it as a holiday home each year.
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PERSONAL ADVICE
WHOLE OF MARKET
How can we help you?
Our range of holiday let 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 holiday 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 holiday let then we have finance available for you.
Multi-unit
Mixed use holiday lets are infinitely variable in terms of applicants, property and loan servicing.
Expat
There are certain elements of preset mortgage lending criteria for expat holiday let mortgages.
FHL Tax
If you have a UK holiday let the losses can only reduce the future holiday let profits of the UK
Why Choose Us?
By letting your holiday 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
Holiday let mortgages differ from most other types of mortgage. Here we explain what’s available can apply.
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
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
Holiday let mortgages differ from most other types of mortgage. Here we explain what’s available can apply.
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
Knowledge
- We have been arranging holiday let mortgages since 2006 and we have a ‘can do’ attitude to even the most complicated holiday let scenario.
- Trusted by clients and lenders alike we have extensive knowledge about how holiday lets work and how to finance them.
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.
Holiday home ownership in the UK
What our clients say
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!
It was a pleasure. Thank you all for being extra helpful and steering us to a successful purchase. We are already planning the redec and furniture
Trusted, knowledgeable and personable as always. Thank you again for your much needed help. Until the next time...
Thank you to everyone who helped me along this journey. It was good to have you on my side.
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