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As a specialist Broker in arranging mortgages for holiday let and short term let properties, much of our work involves making sure existing owners achieve the best financing result available.
Re-financing or remortgaging a holiday let property or holiday home will normally apply to two distinct types of owner; those that have a current mortgage and those that don’t.
If you do not currently have a loan secured on your (unencumbered) holiday let, you may be looking to raise money for improvements, repairs, or even expand your portfolio of holiday let properties.
So we will arrange a new remortgage to raise the funds required.
If you have a mortgage secured on your property, at some point your initial interest rate will stop. Paying a higher interest rate can easily be avoided in most cases, by switching to a new lender that offers a holiday let mortgage product.
These remortgage products are often “fee free”, meaning that the lender will pick up the bill for basic legal and valuation fees.
Arranging a holiday let remortgage is usually a fairly simple process that should only take a few weeks to organise and naturally we will help with all of the mortgage paperwork. Mortgages are generally available up to 75% loan to value (LTV). Our experienced mortgage advisers are fully up to date with all of the holiday let mortgage options and lenders, enabling you to get the best mortgage deal possible.
Please contact us to discuss your holiday let re-mortgage requirements or call 020 8301 7931