Holiday Lets
This can be a lucrative addition to any Portfolio but lenders make obtaining a mortgage on reasonable terms, very difficult. This has much to do with the seasonal nature of the lettings and their likely situation.
We are in touch with at least two lenders who will offer mortgages based in rental values in the normal way, with rents at 125% of the monthly mortgage repayment. Unfortunately, the maximum loan to value level is only 75% but nevertheless, being able to secure a mortgage on rental income is a distinct advantage.
If you would like to find out more about this, click the mortgage button at the top left of your screen, complete the simple application form that will appear and one of our specialists will get in touch to explain what can be done.
Alternatively, call our HELP - LINE on 0845-108-0505
Other Documents in this section...
90% LTV for First Time Buyers
BTL Mortgages in Retirement
Builders Discounts
Buying Above Commercial Outlets
Buying High Value Property
Off-Shore Mortgages
Turkish Mortgages