Some of our favourite Niche Advice customers have expanded their property portfolios into holiday lets and we have sourced then very good Holiday Let Mortgage products as the returns can be very good. Specialist products are required to take into account seasonal rents often from a blend of low, mid and high season yields, and of course the location is key. The Niche holiday let experts can help you through the options that would most suit you.
Holiday Let Mortgage Products
- Holiday lets.
- Seasonal rents.
- Weekly rates.
- Commercial use only – you are unable to live there for part of the year. If this what you want to do then speak to us about second homes.
No upfront Broker fees by us. You only pay once the deal completes.
Example Product Rate and Fees – Holiday Let Mortgage
The total amount you must pay back, including the amount borrowed is £505,747
Features: Seasonal rental taking into consideration rather than set amount each month. There could be tax advantages but you will need to seek independent advice. 1% dscount off the subsequent rate for the 3 years following the fixed rate.
|Type and initial benefit period||Fixed until 31/10/2020|
|Minimum deposit / equity:||30%|
|Telegraphic transfer / CHAPS fee||£35|
|Early repayment charge||3/2% of the amount repaid in the fixed period|
For more information on Holiday Let Mortgage options via Niche Advice please also visit our dedicated Holiday Let Mortgage page.
For more information on Holiday Let Mortgage Products please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Residential and Buy to Let Mortgages
Rates current as at 07/09/2018 . The overall cost for comparison is based on an open market value of £300,000 over a 25 year term. Right-to-Buy examples are based on a discounted purchase price of £200,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibility will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.