Holiday Lets

Buy To Holiday Let

Buy To Holiday Let - Buy to holiday let refers to individuals obtaining a mortgage on their holiday buy to let property within the UK. Buy to holiday let mortgages can come in various forms and are not too dissimilar from the typical buy to let mortgage. Fixed, tracker and flexible buy to holiday let mortgage options can all be obtained. However, buy to holiday let mortgages are seen as a niche product in the buy to let market, with only a few lenders offering packages to meet the needs and requirements of the buy to holiday let mortgage seeker.

Buy to holiday let mortgages are available in different forms and different packages are available. For example, some lenders will require the buy to holiday let property to be occupied by tenants for 100% of the time, with the landlord unable to live in the property. Nevertheless, other lenders will offer packages where the landlord can live in the property yet has the option to rent the buy to holiday let property when the landlord chooses to.

As a specialist buy to holiday let mortgage broker, we can obtain the ideal buy to holiday let mortgage to meet your individual needs and requirements. Using our comprehensive panel base, we can find the most suitable and cost effective product for your circumstances, not tied to any one particular lender. Our team will advise and assist all clients throughout their buy to holiday let application from their initial enquiry until the completion of their application and beyond. We will assist with all paperwork saving you time, money and hassle.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquiry Online.

Seeking a buy to holiday let mortgage? Contact our specialist advisers today.

Buy To Let Holiday Home

Buy To Let Holiday Home - Buy to let holiday home mortgage refers to a mortgage used to purchase a holiday home for rental purposes. A buy to let holiday home may be located on a lakeside, resorts or close to tourist attractions. A buy to let holiday home can be let out to holiday makers on very short term contracts including for as little as a day. Therefore for homeowners to ensure they can generate enough rental income to cover mortgage payments, the buy to let holiday home should be located in a desirable location. However there may still be occasions where the buy to let holiday home may be unoccupied thereby generating no rental income. Most buy to let holiday home mortgage lenders realise this and are often reluctant to offer solutions to clients.

As a comprehensive panel of lenders mortgage broker specialising in buy to let holiday home mortgages, we can assist you. Each buy to let holiday home mortgage lender in this specialist market has their unique lending criteria and our brokers will match you with the right lender based on your individual circumstances. We are able to source competitive buy to let holiday home rates for clients. Our buy to let holiday home advisers can offer the advice and support that you require to help make your application successful. We offer a personalised and holistic service to all our clients and will complete any required paperwork within your time constraints.

To secure a buy to let holiday home mortgage, call one of our advisers today.

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Mortgage For Holiday Lets

Mortgage for holiday lets refers to the available mortgage options sought by individuals seeking to purchase a holiday home on a buy to let basis within the UK. A mortgage for holiday lets is available from a number of providers yet stringent criteria are often attached. Certain providers only offer a mortgage for holiday lets which are rented for 100% of the time, with the landlord unable to live in the property at any one time. Alternatively, a mortgage for holiday lets can be arranged where the landlord is allowed to live in the property and is able to rent out the property whenever he wishes.

Due to the complexities and potential difficulties attached to each mortgage for holiday lets, it could be essential to obtain specialist advice and assistance if looking for the most suitable mortgage for holiday lets deal on the market. This is where we can assist. Our expert team offer a customised and bespoke service to all clients seeking a mortgage for holiday lets without prejudice. Our role is to put you, the client, first.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquiry Online.

Buy To Let Holiday Mortgage

Buy To Let Holiday Mortgage - Buy to let holiday mortgage packages are mortgage packages obtained to finance a holiday home which is subsequently let out. Buy to let holiday mortgage packages are a niche area designed for short term letting. The options for holiday let mortgages available include obtaining a 100% holiday let whereby owners are unable to stay in the property. Alternatively, some packages enable a part holiday let whereby homeowners have the option of staying in the property or renting it out. Due to the risks associated with buy to let holiday mortgage packages, applicants may find it difficult to secure a buy to let holiday mortgage. This is where we can assist.

As a specialist mortgage broker we can offer advice and assistance to those seeking the best buy to let holiday mortgage deals. We know our lenders’ criteria as well as the risks involved in holiday lettings. Our knowledge and links to niche and mainstream lenders offering buy to let holiday mortgages in this specialist area can increase your chances of a successful application. We offer a personalised service that will respond to your individual needs and requirements to find a buy to let holiday mortgage suitable for you.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquiry Online.

Contact a member of our advisory team today to secure the best buy to let holiday mortgage solution.

Furnished Holiday Let Mortgages

Furnished Holiday Let Mortgages - Furnished holiday let mortgages are mortgages for all furnished holiday homes bought on a buy to let basis within the UK. Since the recent economic downturn, the number of available furnished holiday let mortgages on the market has substantially decreased with the help and advice of a quality mortgage broker often required to obtain the best available furnished holiday let mortgages on the market. This is where we can assist.

Our team are experts in obtaining furnished holiday let mortgages for our clients from the right lender at the right time and importantly at the right rate. Using our comprehensive panel mortgage base, we are able to source through a number of the available furnished holiday let mortgages to find the deal which best suits your individual needs and requirements and without prejudice. We know our clients and we know our lenders.

We will speedily advise you as to whether a UK or international bank, private provider of furnished holiday let mortgages or a local building society will be most suited to your individual application. Furthermore, aware of any time constraints you may have, our team will ensure all the relevant documentation required to secure your mortgage transaction is completed, all within your given timescales.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

Furnished holiday let mortgages can be obtained through our specialist advisory service. Contact us today.

Holiday Buy To Let

Holiday Buy To Let - Holiday buy to let refers to the obtaining of a holiday home on a buy to let property basis. Holiday buy to let properties can be difficult to obtain and there is often a complex process involved. To obtain holiday buy to let mortgages, specialist advice is often required. This is where we can assist.

The holiday buy to let market is a niche area of the overall UK buy to let housing market.There are few lenders willing to offer holiday buy to let mortgage products to individuals. As a specialist holiday buy to let mortgage broker, our team have built up outstanding relationships with a number of holiday buy to let lenders. Using these links and contacts,we can help make the mortgage application process run as smoothly as possible.

Our holiday buy to let mortgage team appreciate how difficult and stressful obtaining a cost effective holiday buy to let mortgage. This is why we are here to help you every step of the way advising all clients throughout their application from their initial enquiry until the securing of their holiday buy to let mortgage transaction and beyond.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

Seeking a competitive holiday buy to let mortgage product? Call our specialist advisers today.

Holiday Buy To Let Mortgage

Holiday Buy To Let Mortgage - Holiday buy to let mortgage refers to the obtaining of a buy to let mortgage on an individual’s holiday home. Holiday buy to let mortgage solutions can come in various forms and packages though they are considered a niche area within the wider buy to let mortgage package. Due to the various risks associated with a holiday buy to let mortgage, few lenders are willing to offer suitable and affordable holiday buy to let mortgage packages to individuals. This is where we can assist.

Our holiday buy to let mortgage team are experts in placing our clients with the right rate at the right time and importantly with the right holiday buy to let mortgage lender. Using our comprehensive panel holiday buy to let mortgage base, our team are able to source through a wide range of available holiday buy to let mortgage products not tied to any one particular lender. We put you, the customer, first.

We will advise and guide you throughout your application from your initial enquiry until completion of your application and beyond. Our team will advise whether a UK or international bank, holiday buy to let mortgage private provider or local building society will be most suited to your particular holiday buy to let mortgage transaction. Furthermore, aware of your time constraints, our team will be able to complete all the necessary documentation required to complete your transaction, all within your timescales.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

Our holiday buy to let mortgage team look forward to taking your call. Contact us today.

Holiday Buy To Let Mortgages

Holiday Buy To Let Mortgages - Holiday buy to let mortgages are mortgages obtained for a holiday property which is subsequently let out. Buy to let mortgages vary from holiday buy to let mortgages as the latter is intended for shorter letting terms often lasting only 1 day. Holiday buy to let mortgages may be difficult to obtain due to the risks involved such as more wear and tear of the property due to the large amount of people residing. Furthermore it is harder to guarantee occupancy throughout the year due to the short time period with which the property is let out each time. The holiday buy to let mortgages market is a specialist market and may only be obtained through niche lenders. This is where we can assist.

As a specialist mortgage lender we are able to find the best holiday buy to let mortgages available. With links to a range of niche and mainstream lenders we will increase your chances of a successful holiday buy to let mortgage application. We understand the criteria of lenders and can assess your financial situation along with potential rental income from the property to ensure we find a holiday buy to let mortgages solutions that suits you. We offer a personalised service tailored to your individual needs and requirements and can complete the relevant paperwork within your time constants.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

To secure the best holiday buy to let mortgages contact a member of our advisory team today.

Holiday Cottage Buy To Let

Holiday Cottage Buy To Let - Holiday cottage buy to let mortgages are available to individuals wishing to purchase a holiday cottage in the UK for rental purposes. Individuals purchasing a holiday cottage buy to let can choose not to live in it and let it fully. Alternatively, whenever on holiday, individuals can reside in their holiday cottage buy to let property and let it out for the rest of the year. However, obtaining a holiday cottage buy to let mortgage can be difficult as there is no assured shorthold tenancy agreement. As such lenders tend to exclude them from standard buy to let mortgage schemes.

Our team of experienced brokers can assist you to obtain a mortgage for your holiday cottage buy to let property. Over the years our advisors have established good working relationships with holiday cottage buy to let mortgage providers. We understand our lenders’ criteria and are aware of which lenders will assess your holiday cottage buy to let mortgage application solely on personal income, rental income, or on a combination of the two. In order to arrange a mortgage for you with the right lender, our holiday cottage buy to let brokers will conduct a detailed fact find to ascertain your financial situation. Based on this, we will use our comprehensive panel approach to find you the most competitive holiday mortgage buy to let mortgage rate, with the right lender and at the right time for you.

We are confident that our contacts and relationships with holiday cottage buy to let mortgage lenders will increase the chances of securing you the most suitable package on the most favourable terms for you.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

For further information on how we can help, call our dedicate holiday cottage buy to let mortgage team today.

Holiday home mortgages - Holiday home finance

Holiday home mortgages and holiday home finance is a specialist area within Capital Fortune. We understand that purchasing a holiday home is an important finance decision and there are a number of holiday home mortgage options available. A holiday home purchase can be undertaken using a variety of holiday home mortgages and finance products and UK home mortgage lenders have developed specific holiday home mortgage finance loans to assist with a second home purchase.

It is not commonly known that certain mortgage lenders will allow you to purchase a holiday home through:-

A second residential holiday home mortgage
A Buy to Let holiday home mortgage
A Secured Home Loan or secured holiday home finance
An Interest Only Holiday Home Mortgage

It is important to obtain a holiday home mortgage or home finance that will best youre your needs.

There are a number of mortgages for holiday homes available allowing you to purchase a second home, some of which can be seen through our online mortgage service. However a holiday home mortgage may not be the most suitable or affordable way to finance a holiday home purchase.

It is important to seek professional and impartial information from a suitably qualified mortgage adviser and we can take you through the many options to finance and mortgage holiday homes.

We can only recommend a holiday home mortgage be it a second home mortgage or buy to let holiday home mortgage once we have assessed your full needs and requirements. We will both need to be satisfied that during the purchase process, the additional financial commitment which a holiday home purchase brings, is both affordable and suitable.

Mortgage for holiday homes - Buy To Let

Purchasing a holiday home may also be carried out using a Buy To Let mortgage. This type of holiday home mortgage is set up for people who want to finance the holiday home property and who are likely to recoup much of the monthly repayments through the rental income they make.

Our buy to let FAQ may answer some of your specific questions in relation to this type of holiday home mortgage and again your Capital Fortune Adviser will be able to assist with any queries.
In addition to holiday home finance, people can also purchase a holiday home through a loan. This type of loan is unsecured and due to its unsecured nature can be more expensive.

Following our assessment of your needs we would be able to recommend whether a holiday home mortgage or a holiday home loan is the most appropriate financial product for you when purchasing a second home.

In addition to unsecured finance, a secured loans can also be used to purchase a holiday home. A secured loan is usually secured against your current residential property. This type of loan is very similar to a standard mortgage but it means that if youâ're unable to make a payment, you're at risk of losing both homes. It is therefore important to look at the affordability of supporting both your first and the holiday home mortgage prior to purchasing.

If youre looking for a holiday home mortgage to purchase a second home it can be overwhelming just how many different choices there are. You can use a bank, building society or holiday home mortgage company, for your second home purchase.

Seek Specialist Advice

At Capital Fortune we are specialists in giving impartial mortgage advice. We understand the dreams when purchasing a holiday home, we also understand the pitfalls. It is important to consider whether purchasing a second home is right for you.

We will be able to discuss with you all the reasons for purchasing a second home and give you advice on the most suitable and affordable options around second home purchase

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 3 216 2037 or Enquiry Online.

Holiday Let

We will be able to discuss with you all the reasons for purchasing a Holiday Let and give you advice on the most suitable and affordable options around Holiday Let purchase

Providing Information to obtain a Holiday Let mortgage

As with any mortgage or loan, you’ll be required to provide an in-depth account of your financial and personal situation when you apply. This will be more so when you are purchasing a Holiday Let as the financial commitments of owning a primary residence and a Holiday Let is obviously significant.

Our Advisers will need full details of your annual income and expenses and these will need to be considered alongside any assets you may own. You’ll be required to go through standard money laundering security checks and be prepared to have to provide bank statements, employers letters, pay slips and other income proofs prior to making your internet mortgage application. If you’re applying with a partner they will need to do the same as the Holiday Let mortgage UK or Holiday Let mortgage will need to be carefully assessed by our panel of Holiday Let mortgage lenders.

Holiday Let mortgages for a Holiday Let purchase are generally more difficult to obtain as UK mortgage lenders are more cautious when assessing applications to purchase a Holiday Let. Lenders can be more difficult with Holiday Let purchasers because the mortgage borrowing will often mean that your income is stretched even further if you have a Holiday Let mortgage to maintain.

This sometimes results in paying a slightly higher rate of interest on a Holiday Let purchase to reflect the mortgage lenders increased risk. At Capital Fortune we know our lenders and we know our criteria, importantly we get to know our clients, This allows us to place the right client at the rate at the right time.

Capital Fortune Top Tips for purchasing a Holiday Let

The dream of purchasing a Holiday Let needs to undertaken in the knowledge that you will be undertaking a significant financial commitment. The notion of a Holiday Let purchase to be used as a weekend retreat or for family holidays has powerful appeal.

It is however, important to carefully consider all the pitfalls before you buy.

1. Search deep inside

It is important to properly assess how much time you will spend in your Holiday Let once it has been purchased. Will be it be for an odd weekend, most weekends or just one or two holidays each year? Do you like going to the same place on holiday, for shorter breaks or do you prefer variety of location? A Holiday Let purchase or Holiday Let purchase will need to be in a desirable location not where you want to live, but where you want to escape to. The amenities and facilities in the Holiday Let location may therefore be different to those at your primary residence. Ask yourself, Do you want to be in the City, a town, a small village or up in the mountains, how accessible do you want or need to be? Do you want people to be close by or far away? You will need to search deep inside yourself as to what you want to really achieve by purchasing a Holiday Let and the real deep seated, perhaps emotional reasons for the Holiday Let purchase.

2. Plan before you buy

It is always good to have a Holiday Let purchase plan before you start your search for the ideal property. Within the plan consider issues such as the monthly and annual costs having considered these within your budget planner. Look at how frequently you will visit your Holiday Let and does it need to be close to motorways, rail links or on good public transport routes. How far does it need to be from restaurants, supermarkets and local facilities such a libraries and museums? It may be useful to purchase a map and circle an area of the map as to the ideal location you would want your Holiday Let purchase to be. Then set yourself a maximum budget as to how much you are willing to pay for the ideal Holiday Let purchase. Stick with the purchase plan and do not digress from it, regardless of how much you fall in love with a Holiday Let whilst undertaking viewings.

3. Purchasing on a whim

Never purchase a Holiday Let whilst on holiday. It is always best to go back to the resort, particularly when it’s out of season and much of the holiday infrastructure has been suspended. You may find that the regular transport links which you had assumed where all year round stop suddenly in the winter months. The beautiful golden beach may look less idyllic in a snow storm. Whilst on holiday, it is easy to get carried away due to feeling relaxed, happy and less stressed. Your positive feelings are inherently associated with the resort as you experience it for a few weeks on your annual trip. The experience can be much different if you are frequently using your Holiday Let. Absence can make the heart grow fonder but sometimes, even with a Holiday Let, familiarity can breed contempt.

4. How long will you keep the purchased Holiday Let?

It is important to ascertain how long you intend to keep the Holiday Let. Will the purchase be for a couple of years, 10 years or do you plan to retire there. The length of time you decide to keep your Holiday Let will inform the purchasing decision. In addition, there are numerous costs involved in purchasing any home including mortgage application fees, online mortgage broker fees, or offline over the phone for that matter, solicitors’ fees, valuation fees, stamp duty and even surveyors’ costs. There may also be refurbishment costs associated with the Holiday Let purchase. On selling the property, there will invariably be the further costs of moving afterwards.
To this, add the cost of doing up the place while you are there. All these need to be considered when purchasing.

5. Can you afford to purchase a Holiday Let?

There is the obvious Holiday Let mortgage, Holiday Let mortgage or loan costs in relation to your purchase but have you considered the associated ongoing costs such as council tax, travel to the location, insurance, utility bills and council tax. These costs when attached to the purchased Holiday Let may double your overall household expenditure as you will not just need to service the outgoings on your main residence but also on your Holiday Let. You will need to consider the impact of this. It would be useful to undertake a budget planner and assess the actual costs of running your current property. You may be surprised as to the amount of the annual costs and these will be increased significantly, if you purchase a Holiday Let. Think carefully before undertaking your purchase.

6. Is purchasing a Holiday Let a financial priority?

Purchasing a Holiday Let can be expensive. You will need to finance the purchase with a Holiday Let mortgage, Holiday Let mortgage or loan. A Holiday Let is not a necessity like a first home where you need to maintain a roof over your head. It is a luxury and potentially other considerations need to apply when assessing your priorities such as the amount of your overall mortgage debt, your assets or any future capital outgoings such as a new car or school fees .


7. Shared Holiday Let purchases

Many people decide to purchase a Holiday Let jointly with others. This can be a great way of reducing the overall burden and financial commitment. Shared purchases can also cause problems. Your concept or idea of cleanliness and tidiness, may differ from theirs and can lead to difficulty. Sharing the costs is a real benefit associated with Holiday Let purchase but with it comes with sharing the responsibility and this should be kept in mind.


8. A Holiday Let purchase is not always an investment

A Holiday Let purchase is not always an investment. Property prices can rise but they can also fall. Holiday Let mortgage and loan costs can go up as well as down but what is clear, is that over time, the costs of maintaining any home appear to be rising. Council tax goes up year on year, utility bills increase and maintenance costs for the property as it ages are unlikely to fall. It is important to consider all these factors prior to purchasing a Holiday Let, as whilst the dream of a Holiday Let being an investment for the future, may take hold, the reverse could be the case and your Holiday Let mortgage could become a significant financial burden.


9. Buy for today not tomorrow

In purchasing a Holiday Let you should buy for your needs today not tomorrow. It may be that in 10-20 years you would like to retire to your Holiday Let. In 10-20 years you may however be less fond of the location or have grown tired of it. We change with time, and what we see as ideal for us in retirement, when retirement comes, it may be wholly impractical. It is important to make your purchasing decision for a Holiday Let on what you want today not tomorrow.


10. Selling your Holiday Let

Finally always purchase a Holiday Let with a good re-sale market. One day it will ultimately be sold and in entering any financial transaction you should always first consider the costs and ease of exit.

A Holiday Let purchase can be rewarding experience and can significantly add to the quality of life. It is important however, to at least consider all the above tips and if your heart is still set on the purchase, then follow your dream.

Call us today on 020 77 100 400 or Enquiry Online.

How to get in touch

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Selected Holiday Let Mortgages

A selection of some of our lenders mortgage products and rates are shown below. Contact us for a quote specific to your circumstances. Table data updated 04/04/2016.

CodeIntial
Rate
Mortgage
Type
For /
Until
Subsequent
Rate
APRCEarly
Repayment
Charge
Fixed Lender
Fees
% Lender
Fees
Notes
001 2.10% Discount 2 Years 5.99% 5.19% 3% of loan to be paid within first year, Then 2% of loan to be paid for next year, 10% capital repayments allowed per year without penalty. £199 None

Max 60% loan to value

Min personal income of £40,000

Max Loan £500,000

002 2.10% Fixed 30/04/2018 4.99% 4.73% 3% of loan to be paid until 30/04/2018 £994 None

Max 60% loan to value

Min personal income of £20,000

Max Loan £250,000

003 2.80% Fixed 30/04/2018 4.99% 4.85% 3% of loan to be paid until 30/04/2018 £895 None

Max 75% loan to value

Min personal income of £20,000

Max Loan £250,000

004 4.49% Discount 2 Years 5.49% 5.5% 2% None 0.75%

Max 70% loan to value

Min personal income of £25,000

Loans to £1M