New product, improved holiday let mortgage criteria
The number of investors looking to enter the Holiday Let market is growing rapidly, fuelled by many factors, not least, the Government’s attempt to cool the buy to let market by reducing the tax relief available to higher rate tax paying landlords. This is not the only reason, however, that...
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Light Refurbishment Mortgage Since you’re reading this article, you are probably considering purchasing a property that needs a little updating before it can be used as a holiday let. We will try to give an idea of what finance is available to purchase properties that are just shy of being rent producing holiday... Continue reading
Holiday Let Investment: 5 things you should know! Where once buy to let was King of the Jungle when it came to investing in residential property, Government intervention, through disadvantageous tax changes has somewhat caged this animal and it does not look set to be let loose anytime soon. In 2019 many investors have now turned their... Continue reading
Top six questions about holiday let mortgages As a specialist Broker, we frequently receive questions from potential borrowers, asking about how holiday let mortgages work. The number of questions we receive is growing rapidly, possibly due to Airbnb and short term letting being regularly talked about in the UK national press. As a specialist in advising on... Continue reading
Cumberland raises maximum loan size on holiday lets Cumberland Building Society are one of the few lenders truly in the holiday lending market and we have regular contact with them to see if they can provide mortgage lending solutions to our holiday let investors. The reason is that they have made the UK holiday let/short term let market... Continue reading
What type of mortgage do I need for a holiday home? The type of mortgage needed to finance a holiday home is dependent on several key factors. The term Holiday homes covers a four main uses: Second homes for personal use only Second homes that are occasionally let out to holidaymakers Investment properties to be let as holiday homes only Investment... Continue reading
Can I buy a holiday let through my business? Yes, you can purchase a holiday let through your existing trading business, provided your business is a trading limited company. If your business is not a limited company then you are treated as a private individual for the purchase. You can buy a single unit holiday let property or... Continue reading