HOLIDAY LET MORTGAGES

 Ebor Mortgages

  BUY TO LET MORTGAGE ADVICE IN YORK

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Holiday Let Mortgages | Independent Mortgage Brokers In York

A Holiday Let mortgage is a mortgage which is secured against a property that is rented out on a short-term basis.

Like a traditional Buy to Let mortgage, most are set up on an interest only basis with the monthly payments being covered by the income that is generated from short term rentals. The outstanding balance is then paid back at the end of the term – either by selling the property or by using another suitable repayment vehicle.


Unlike a residential mortgage, the amount you can borrow is calculated based on the rent the property is likely to generate, rather than the amount of income you earn. Typically speaking, you will need to be able to provide a deposit of at least 25% of the purchase price or value of the property in order to secure a Holiday to Let mortgage.



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Why seek Independent Advice?


Although Holiday letting is a growing part of the UK housing market, Holiday Let mortgages are still a niche area of lending that tends to be offered by smaller, specialist lenders rather than traditional high street banks. With access to these lenders, and years of experience in this sector, we can ensure you get the right mortgage for your circumstances.


*Not all forms of mortgage are regulated by the Financial Conduct Authority


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