Holiday Let Mortgages
Have you found your perfect holiday home and looking to let it out? We can help.
Over recent years, there has been a large increase in people buying holiday let properties in the UK.
Reasons for this include higher yields, different tax rules and the desire for a second property to escape to.
Kerr & Watson can help you secure holiday let mortgages for properties that may be used by you personally and rented out on websites such as Airbnb.
What are holiday let mortgages?
A holiday-let mortgage is a loan taken out on a property that will be rented out on short term lettings, for example, a week at a time.
How much deposit do I need for a holiday let?
Typically, most lenders will require 25% deposit if the property will be let and approximately 15% if exclusively for you to use. This can differ from lender to lender.
Are holiday let mortgages more expensive?
Generally, holiday let mortgages are more expensive than standard buy to let products.
Buy to Let Mortgage calculator
Calculate your borrowing potential with our affordability calculator.
Identify what your monthly repayments would be with our repayment calculator.
Confirm your Stamp Duty costs with our Stamp Duty calculator.
Your Mortgage In 3 Easy Steps…
Conversation
Schedule a call to talk to a mortgage advisor about your goals, challenges and vision for your mortgage.
Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.
Research
We will take the information gained on the call and carry out some research before sending you a bespoke recommendation.
If you would like an agreement in principle, we’ll also arrange this for you.
Application
We will submit the full application to the mortgage lender, sending them the documents and liaising with the underwriters until the mortgage has been fully offered on the new interest rate.
We will also communicate with you at every stage, from application to completion.
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