Remortgaging a holiday let At Holiday Let Mortgages, we have been arranging finance for holiday lets since 2006. We are one of, if not the first mortgage broker to specialise in this type of finance. In the early days, most of the financing to purchase holiday lets was done through the commercial lending department of a major Scottish Bank, as the Building Societies that now dominate the sector, had not entered the market. Re-mortgages were virtually unheard of, as there was nowhere …
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 let, due to the Govt using HMRC as the means to cool the market. It’s worked! He suggested an alternative, that being investment in furnished holiday let. He said that providing that we complied with …
Holiday let remortgage after purchasing
Q I have a question for you and I am really hoping that you can give me a positive answer with a way forward on a holiday let re-mortgage. My enquiries so far have drawn a blank. Just quickly to explain the situation to you. We have just completed on the purchase of a property in Devon, that will be used as a holiday let investment. There was lots of interested in this property, so we said we were cash buyers in order to be more attractive to the vendor. This wasn’t strictly true …
Bridging finance to holiday let finance
Q I have a question for you which I seem to be having difficulty getting answered!! It may of course be that the answer we want to hear, is not out there. We have come to you because you are a specialist Mortgage Broker, with knowledge of financing holiday let and serviced accommodation properties. My wife and I are looking to purchase a residential property, which will be let out on a holiday let basis. We have found a property and have already been accepted in principle, by a lender …