Holiday Let Mortgage Advice
Holiday Let Mortgage Advice
Hi All,
My first post so please be gentle.
We are coming to the end of a two-year, fixed-rate, holiday-let mortgage with the Leeds Building Society. The rate is currently 2.94% and will increase to 3.14%. The good news is that this doesn't seem too bad. The bad news is that there appear to be very few holiday-let mortgage providers to choose from. Does anyone have any recommendations?
Many thanks
Rob
My first post so please be gentle.
We are coming to the end of a two-year, fixed-rate, holiday-let mortgage with the Leeds Building Society. The rate is currently 2.94% and will increase to 3.14%. The good news is that this doesn't seem too bad. The bad news is that there appear to be very few holiday-let mortgage providers to choose from. Does anyone have any recommendations?
Many thanks
Rob
Hi Rob
We had the same problem when we purchased our holiday let the distinct lack of companies offering holiday let mortgages.
There are a few smaller regional mortgage companies who offer a holiday let mortgage only in their area.
We ended up using the Principality Building Society, it is not advertised as a holiday let mortgage just a buy to let.
Here is a link to their competitive rates:
http://www.principality.co.uk/en/mortga ... -mortgages
If you read the description in important information it says can be for a holiday let.
We had no issues getting ours!
Hope this helps!
Martin
We had the same problem when we purchased our holiday let the distinct lack of companies offering holiday let mortgages.
There are a few smaller regional mortgage companies who offer a holiday let mortgage only in their area.
We ended up using the Principality Building Society, it is not advertised as a holiday let mortgage just a buy to let.
Here is a link to their competitive rates:
http://www.principality.co.uk/en/mortga ... -mortgages
If you read the description in important information it says can be for a holiday let.
We had no issues getting ours!
Hope this helps!
Martin
Web - www.beadnellcottage.co.uk
Email - enquiries@beadnellcottage.co.uk
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Email - enquiries@beadnellcottage.co.uk
Facebook - www.facebook.com/beadnellcottage
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We're with Leeds too and when our deal came to an end we couldn't find anything to better it so we stayed put. There were a couple of others that allowed holiday lets but the savings weren't enough to cover the cost of moving. Plus, getting new BTL mortgages seems to be getting more and more complicated - they want so much info now it gets quite time consuming.
Jo
Joint owner of Baker's Cottage in Chester & Chandler's Cottage in Sidmouth
Joint owner of Baker's Cottage in Chester & Chandler's Cottage in Sidmouth
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