Holiday Let Mortgages is a division of Enhanced
Wealth Limited and provides specialist advice for UK holiday
let mortgages and holiday
home mortgages.
Due
to our specialisation and considerable experience in the
holiday let market we have access to lenders that understand
this
market and we have negotiated several exclusive mortgage
schemes which are not available elsewhere.
Holiday
let mortgages are different to buy to let mortgages
for
2 main reasons:
• The
amount of likely rent
• How the property will be used
Because of these reasons most buy to let lenders are not
happy lending against a holiday let property. Typically,
these lenders look for an Assured Shorthold Tenancy (AST)
to be in place, this is not suitable for holiday lettings.
They will also rely on the property valuer to assess the
likely rent under an AST, again this will not provide a
satisfactory result as the rents for holiday lettings are
assessed in a different way.
Properties
for holiday let are increasing in popularity and fortunately,
the mortgage companies are responding to this demand. This
means an increasing choice for those who wish to buy a holiday
home for letting.
Our
main website at www.holidayletmortgages.co.uk
has a wealth of information about holiday let mortgages
with tax tips and a free e-brochure. Finance is available
for purchase, remortgage or development. Exclusive remortgage
schemes are also available up to 85% of property value.
Please
contact us on 0800 840 3111 to discuss your holiday let
or visit our website at www.holidayletmortgages.co.uk.
We look forward to helping you.
Your home may be repossessed if you do not
keep up repayments on a mortgage or any other debt secured
on it. Broker fees may apply. Written details on request.
All loans subject to status. Think carefully before securing
other debts against your home. The Financial Services Authority
does not regulate holiday let mortgages. |
