Holiday Home & Second Home Mortgages
Holiday Home and Second Home Mortgages - are a specialist area within Capital Fortune . We understand that purchasing a holiday home or a second home is an important finance decision and there are a number of holiday and second home mortgage options available. A holiday/second home purchase can be undertaken using a variety of holiday/second home mortgages and finance products and UK home mortgage lenders have developed specific holiday/second 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/second 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/second home mortgage or home finance that will best you’re your needs.
There are a number of mortgages for holiday/second 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 you’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 you’re 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
Call us today on 0845 3 630 430 or Enquire Online.
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