Have you found the perfect coastal retreat or city break holiday home for you to escape to but want to rent it out when you’re not there? A holiday let mortgage could be the answer.
– HOLIDAY LET MORTGAGES
At LDNfinance, we specialise in securing holiday let mortgages that give you the flexibility of letting your dream holiday home out, while allowing you to reap the benefits of being able to stay there too.
Rather than a long-term buy to let (BTL) mortgage, a holiday let loan allows you to purchase a property that will be let out on a short-term basis to holidaymakers as a business. You will find that you will be able to let out your property at a much higher price point, whilst also still being able to use it as a holiday home. 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 rise in popularity of UK staycations.
Whilst many other brokers are struggling to secure desirable outcomes in this popular area of borrowing, our specialist holiday home mortgage advisers have been achieving fantastic rates for our clients.
To discuss your holiday home mortgage aspirations in more detail, get in contact with our expert team today and we will assign you with a personal mortgage adviser who will guide you through the entire mortgage and property-buying process.
What are the benefits of a holiday let mortgage?
A huge benefit for potential investors is that some holiday let loans allow you to rent out the property for far more money than your usual buy to let (BTL) 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 type of borrowing facility have gone on to use easy listing management sites, such as Airbnb in particular. This enables them to charge 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.
Other advantages of instructing LDNfinance includes:
- Rates as low as 1.19%
- 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 borrowing options to suit your lifestyle
- Bridging & Commercial ‘Service Excellence Broker of the Year’ 2020
Market-leading holiday let mortgage solutions
Our strong relationships with both our valued clients and trusted lenders mean we are expert problem solvers who can think creatively about your case and get the deal over the line. We regularly secure complex holiday let borrowing facilities for high net worth clients, first-time buyers, expats, foreign nationals, and self-employed individuals.
Not only this, but we are proficient in navigating complex scenarios too, such as foreign income, high loan to value (LTV) requirements, and Lombard lending. No matter how complex your scenario may be, our expert team will work tirelessly on your behalf to secure you the very best terms for your circumstances.
At LDNfinance, 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. If you would like to find out more about rates, eligibility criteria and explore your holiday let options, get in touch below.
Let’s discuss your financial position and arrange a holiday let loan to suit your circumstances.