Can I purchase a holiday let complex and live on site?
Q My wife and I are considering a lifestyle change, moving away from our corporate city life and into the country. I am in Business Banking and my wife works for a company that advises on corporate takeovers. We are nowhere near retirement age, so will need a gainful occupation....
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Complex holiday let purchase via limited company At Holiday Let Mortgages, we receive enquiries relating to mortgages for both simple and professional holiday let, in equal measure. Usually these arise from internet searches based on very specific phrases. Simple holiday let property would be a single unit (house or flat), purchased as a private individual or... Continue reading
Holiday let ‘live/work’ case study At Holiday Let Mortgages, we deal with many different types of mortgage enquiries as you can well imagine; single archetypical white walled cottages, multiple dwelling part commercial/part residential properties and entire holiday parks, are all in our business mix. We enjoy the simple, but thrive on the work involved... Continue reading
Help with a holiday let re-mortgage Q I have a holiday let remortgage question for you, as quite frankly can’t seem to find the answer myself. Here’s the brief. Last year we inherited some money. My wife and I have always liked the tangibility of property. Our accountant made us aware of the diminishing return on buy to... Continue reading
Holiday let remortgage after purchasing Q I have a question for you and I am really hoping that you can give me a positive answer with a way forward on a holiday let re-mortgage. My enquiries so far have drawn a blank. Just quickly to explain the situation to you. We have just completed on the purchase... Continue reading
Getting your exit clear – Re-financing a bridging loan Refinancing a bridging loan which has been used to build or refurbish a property that is to be retained as a holiday let investment is a question that our customers approach us with on a regular basis. Unfortunately, problems can and do occur when attempting to refinance a bridging/property development... Continue reading
Can you rescue a part completed development project Q: I have a question for you, but better give you a little background first. Unfortunately, I am in a bit of time related trouble with a part-completed development project. I own some land and derelict barn outright with no mortgage. Originally it formed part of my adjoining property and I... Continue reading