Category: Q&A

October 23, 2018
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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July 6, 2018 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
February 9, 2018 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
January 18, 2018 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
December 8, 2017 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
September 22, 2017 Need holiday home finance with no accounts Q We are thinking of purchasing a property in the Lakes that will be used predominantly as a Holiday Let. At present the property is owner occupied so has no holiday letting accounts available. As a start point, we went onto one of these compare the market mortgage comparison websites and... Continue reading
September 21, 2017 Interest only holiday let remortgage Q My wife and I own 2 properties in total, our main home and a holiday property in Bath that we have owned for 7 years. We are in the fortunate position of having no loans secured against either of the properties. We are both retired, aged 57 and have... Continue reading
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