 Buy
to holiday let mortgage
The title "Buy to holiday let mortgage" is a
rather confusing alternative name for a
holiday let mortgage.
It is confusing because it hints at a
correlation to a buy to let mortgage. Although
there are some similarities. there are bigger
differences.
Essentially a buy to let mortgage is for an
investment property which is let on an Assured
Shorthold Tenancy (AST) agreement where the
mortgage is based on the rental income. With an
AST tenants will stay for 6 months or longer.
A
holiday let mortgage (or maybe buy to
holiday let mortgage) is for a property which
will not be permanently occupied by tenants but
will be let to holidaymakers with occasional use
allowed by the owner.
The lenders that lend on buy to let are not
the same as those that lend on holiday lets. So
to save yourself some time, always speak with an
experienced mortgage broker who knows the
holiday let mortgage market. The lenders all
have different criteria for buy to holiday let
mortgages and want to attract slightly different
mortgages.
They will be able to determine the best buy
to holiday let mortgage for you.
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