 Holiday
lodges
We can now
offer finance for holiday lodges and timber
constructed lodges and cabins.
This type of
finance is not easily available when combined
with holiday let usage.
Mortgages for
these types of holiday let property are not
currently available from mainstream lenders or
holiday let mortgage companies. However, we have
been able to secure funding from a UK lender who
will offer upto 70% of the purchase price.
There are 2
problem areas which lenders do not like with
these properties:
- The
non-standard construction - wood/timber
-
Typically they are situated on holiday sites
or holiday parks
Our lender
has confirmed these properties are suitable
security when used as a holiday let or holiday
home.
Please
contact us to
discuss this facility in more detail.
Loans can be
secured on the holiday lodge at a maximum of
60% (min loan £100,000), alternatively finance can be raised on your
home or other properties you own.
These
holiday lodge style properties are gaining in
popularity and can be a great source of rental
income as they offer something different and
unique.
Maximum
loans to value and terms offered are dependent
on valuers comments and your own personal
situation.
We can only deal with properties
with an actual title number at HM Land
Registry. These will be freehold or
leasehold only with a minimum unexpired
lease term of 60 years or more.
Licensed Sites which convey a licence to
occupy are unacceptable security. |
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