Everything you need to know about holiday let mortgages

Everything you need to know about holiday let mortgages

At LDN Finance, we specialise in securing holiday let mortgages that gift you the flexibility of letting your dream holiday home out for a profit, as well as allowing you to reap the benefits of being able to stay there too. An attractive alternative to standard buy to let mortgages, holiday let mortgages are becoming an increasingly attractive investment opportunity as a growing number of Britons look to embrace the UK staycation.


What are holiday let mortgages?

As many in the UK are currently favouring a stint in St Ives over a trip to St Kitts, the demand for UK holiday rentals in the wake of Coronavirus has skyrocketed. 2020 is most certainly the year of the staycation boom, and when combined with the temporary cuts in stamp duty, it’s not hard to see why many potential investors are keen to secure their own slice of the holiday home action.

Rather than a long-term buy to let (BTL), a holiday let mortgage allows you to purchase a property that will be let out on a short-term basis to holidaymakers as a business, whilst also allowing you to personally use it as a holiday home at certain times across the year.


What are the benefits of holiday let mortgages?

A huge benefit for potential investors is that some holiday let mortgages allow you to rent out the property for far more money than your usual buy to let property. This means you can generate a much larger income from your investment whilst also improving your lifestyle with the addition of a holiday home.

Many of our clients with this kind of mortgage have gone on to use easy listing management sites, such as Airbnb in particular, charging a much larger rent for shorter stays over the period of a week or two than many BTL properties would charge for a month’s rent.


How can LDN Finance help?

At LDN Finance, our strong working relationships with an unrivalled network of lenders means we can provide our clients with market-leading rates and solutions when it comes to securing holiday let property finance.

  • Higher rental yield for shorter stays than standard, long-term buy to let income
  • Allows you to stay at your holiday home across the year as well as letting it out
  • Tax-efficient mortgage solution
  • Bespoke service to find you the best property finance options to suit your lifestyle
  • Bridging & Commercial ‘Service Excellence Broker of the Year’ 2020 & 2021

Get in touch with us today and we will assign you with a personal mortgage adviser who will guide you through the entire mortgage and property-buying process.

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