Purchasing a Guest House or B&B
As a specialist mortgage broker that arranges finance for the hospitality (Travel and Tourism) business sector, we receive many early stage enquiries relating to the purchase of existing or start-up Guest Houses and B&Bs. These are some of the questions we are asked and might be useful to...
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Commercial mortgage for a start-up “lifestyle change” holiday let business We recently posted a case study entitled “Holiday let ‘live/work’ case study”, which concerned a customer wishing to purchase an existing trading holiday let business and combine that with a change in lifestyle. In this case the customer had recently sold a trading business, which, to a lender, is... Continue reading
Can we borrow more than £500,000? Q I have a question, but it’s probably best that we give you some background in terms of our problem. We have found a property in Devon that would make an ideal holiday let property. It’s a single dwelling, just a large house with an acre of land; nothing unusual... Continue reading
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.... Continue reading
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