Holiday Let Loans

Holiday Let Loans

Holiday Let Loans - Holiday let loans are property loans for holiday let properties within the UK. Holiday let loans are generally only available from specialist providers and differ from standard buy-to-let mortgages in a number of respects. Whilst buy-to-let mortgages often contain an assured shorthold tenancy (AST) term of six months or more, holiday let homes generally allow much shorter tenancies. As a result, holiday let property owners generally require specialist holiday let loans to avoid breaching their mortgage terms.

There are some addition considerations to consider before applying for holiday let loans. Some holiday let loans may restrict property occupation to tenants. These packages must be avoided if you would like to occupy the holiday let property during certain periods. Furthermore, it is worth undertaking preliminary investigations into expected rental income, as some lenders use this as the basis for their mortgage application assessments.

To make the most of your holiday let property purchase, it is important to secure the best possible holiday let loan. This is where we can assist.

Our specialist holiday let loans advisers are experts at matching the right rate from the right lender to the right client. We offer bespoke advice to ensure that the holiday let loans we recommended are suited to your individual circumstances. In addition, we analyse holiday let loans for overall cost effectiveness, beyond the headline rate.

As a comprehensive panel of lenders mortgage broker, we are not tied to any one lender and put our customers first. Our well established industry contacts give us access to some holiday let loans that are not available on the open market.

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

For personalised and professional holiday let loans advice, call us today.

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