We can help you find the best mortgage deals available for your holiday let. Holiday let mortgages are viewed differently by mortgage lenders as the rent from holiday lets is more seasonal and often charged at a premium. Find out more on this page or contact an expert who will help you calculate how much you could borrow for a holiday let.
Mortgages for Holiday Lets
Holiday let mortgages are designed for properties which will be let out on a short-term basis as holiday accommodation. It allows a flexible way to invest in an increasingly attractive market. With staycations on the rise, short-term holiday lets can be a great way to get a solid return on property investment.
An increasing number of property investors are considering buying holiday homes in hotspots around the UK. Holiday Let’s can provide a second income and potential tax advantages.
Things to consider
Mortgage loans for holiday lets belong to a specialist market, because of this, they require plenty of flexibility when it comes to finding the right product. Read our blog for a deep dive into Holiday Lets and some important considerations you should make.
Buy-to-Let mortgages are usually granted on the basis that a long-term rent will be received to cover the mortgage. As holiday let income is usually shorter term and more sporadic, the lender will calculate affordability differently.
The lender will be taking into consideration that property will unlikely be let all year round and income will rise and fall dependent on the seasons.
Therefore, it is important to discuss your requirements with a whole-of-market expert who can find the right product to suit your needs as a traditional Buy-to-Let mortgage may not be suitable.
Holiday lets offer more flexibility to the property owner, and they will have more access to their property than they would usually by having a long-term tenant.
In down seasons they will be able to enjoy the property for themselves and rather than worrying about tenants, you can start thinking about weekend guests and earning super host status.
Holiday Let mortgage calculator
Holiday lets are calculated differently from traditional buy to let mortgages. It is advisable to get bespoke advice so you can be aware of all of the products and services available to you. Once we understand you goals, we can use specific calculators to help you find out how much you can borrow. Not only that, but we will help you work out how much income you could receive from your holiday let once you have paid your mortgage repayments.
Read more about holiday Lets
The experts at Prospect Tree Mortgages have written these in-depth blogs regarding holiday let mortgages ensure you have all the information you need to make an informed decision about your holiday let mortgage. Take a read.
Maximising Returns on Investment
Introducing: Property by Polygon
Everything you need to know about Holiday Let Mortgages
Holiday Let advice from the mortgage professionals
Prospect Tree Mortgages are independent mortgage experts based here in the UK. As we are independent we can run a search across the entire UK mortgage marketplace to ensure we only recommend mortgage loans which suit your circumstances.
Holiday Let mortgages are viewed slightly differently by mortgage lenders but with our expertise we can ensure you fully understand all of the details before you commit to proceeding.
Our friendly and professional mortgage advisors are ready to answer your questions.
Why are Prospect Tree Mortgages so highly reviewed?
Comprehensive Mortgage Options
As unbiased experts, we offer you access to the entire mortgage market, providing you with a wide range of choices and flexibility. We can look at mortgages on and off the high-street.
Bespoke and Personalised Advice
We are dedicated to finding you the perfect mortgage solution and will never recommend anything that isn’t right for you. Our expertise and personalised approach ensure you receive the best advice.
At Prospect Tree Mortgages, we prioritise your needs and comfort. Whether you prefer phone calls, email, or text, we will communicate with you in the way that suits you best, ensuring a seamless and stress-free experience.
Trusted and Experienced
Our 5-star customer reviews speak for themselves – we have a proven track record of providing efficient, professional, and friendly service. You can trust us to guide you through the mortgage process with confidence and ease.