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...
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Holiday let bridging loan exit At Holiday Let Mortgages, we are involved in all areas of commercial holiday let finance and mortgages, including scenarios labelled by lenders as “complex”. The term “complex holiday let mortgages” covers a wide variety of area of circumstances. In this case study, we are going to tell you about a customer... Continue reading
Should our Limited Company own a holiday let property? Q We have a couple of questions for you, but think it’s best to provide some background, before we can get to them. My wife and I are looking to purchase a holiday let business, which consists of seven fully converted, self- contained stone Barns, set in 4 acres, plus a... Continue reading
Holiday let renovation mortgage At Holiday Let Mortgages, we arrange millions of pounds in holiday let mortgage business every year. It has always been our policy to use real case studies based on real customer enquiries to bring our finance expertise to life. Our case studies can never be exhaustive, in terms of... Continue reading
What are holiday let occupancy clauses? Q We have found a converted Barn in South Devon that we wish to purchase for use as a holiday cottage. There is a problem though - the lender we found on a mortgage comparison website has declined our mortgage application citing, “unacceptable security, 12 -month holiday let restriction”.  The... Continue reading
Can we have an interest only mortgage? Q We are having a problem sourcing a 70% mortgage to purchase a property to be used as a holiday let in Wales. Our case has been agreed in principle at a holiday let mortgage lender, however is failing their safety margin affordability calculation. It’s our preference to have the loan set... Continue reading
Holiday Let, Residential, or Commercial Mortgage: What do we need? Q My Wife and I live in Berkshire and are both senior Civil Servants. We are looking for a lifestyle change, which involves a relocation to Cornwall. Our jobs allow us to work from anywhere, as long as we can be in London twice a week for meetings. Our idea is... Continue reading