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Holiday let stone barn conversion

At Holiday Let Mortgages, we like to bring you our latest Holiday Let development and conversion cases, so that you can see just what can be achieved with a little imagination, hard work and of course the right financing facility. As always we have to make it clear that we are not Lawyers, so you should seek Independent Legal advice and consult other professionals such as an Architects. What we try to do is bring you previously successful holiday let build and conversion projects, in the …

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Holiday Let Mortgage: No Cash Deposit

At Holiday let Mortgages we try and bring you a taste of what we do in a meaningful way through the use of real case studies. We enjoy putting them together and are told by our customers that they really do help to clarify what we can do for them in terms of finance and service. This case was a very recent proposition that Holiday Let Mortgages managed to take forward in order to achieve a successful outcome for our customer. Stuart, a new customer, told us that he’d found an …

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Mixed use holiday let – Cafe and apartment

At Holiday Let Mortgages we like to try and help our customers understand what it is that we do by using real case studies to bring our work to life. We are known for being able to source specialised holiday let mortgages for mixed use and multi-unit properties. These cases usually involve some sort of arrangement where the owner is intending to purchase a multi-unit holiday let property where the whole site is an investment or a situation where the owner is going to live in one of the …

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Holiday let barn conversion

Last week we were contacted by a couple who had been looking for a company specialising in mortgages for Holiday Let properties. They told us that they were desperate for some commercial/holiday let mortgage advice, but after speaking to a few lenders, were left feeling that what they wanted to achieve, was just not possible. Their main residence was owned jointly, with an interest only mortgage of £140,000 outstanding. The property consisted of a main house with attached self-contained annexe …

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Holiday Let Property Owned by Non Earning Spouse

Last month we were contacted by a retired gentleman looking for advice. James started off by telling us that he was 71 years old and knew that, due to his age, he would be barred from taking out a Holiday let Mortgage. At this point, we told him that assuming age was an automatic bar to obtaining a Holiday Let Mortgage was being needlessly pessimistic. Dependent on his overall circumstances, his age was not a bar and a Holiday Let Mortgage could be available. James then said that actually …

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Ex Pat Holiday Let Mortgage

A few weeks ago, we received a telephone call from a new potential customer. The telephone call was hard work, as we could barely hear the customer. When asked where he was and whether we could call him back, he said “I’m on a boat, off the coast of Sicily”. At this point, we suspected that we may well be about to embark on another interesting case. Well, we found out from our conversation with John, that he and his wife were retired, in their late fifties and very much ex-pat, for tax …

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Holiday Let loan approved on Holiday Let Rental and Personal Income

Nicolas wanted to buy a cottage in the South Hams of Devon, which would be used immediately as a holiday let, with occasional use by the family during the school holidays. The longer term plan was to relocate to Devon when Nicolas had decided to stop living and working in the City. Going down to Devon at the weekends, Nicolas soon struck up a rapport with a helpful Estate Agent in Kingsbridge, who was good enough to keep an eye out for a suitable property. Over the next three months, Nicolas …

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Holiday let purchase – Looking at the whole picture

Many people call us in the late summer having just spent a great holiday in a particular area and enquire about buying a second home or holiday let investment property. Thus, we received a telephone enquiry from a semi retired professional couple. They were very upfront from the start, and said that they had tried elsewhere and drawn a blank. Their goal was to purchase a Holiday Let in Wales circa £300k, local agents estimating gross holiday letting income at £14k. We asked them about the …

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