The need for specialist holiday let mortgages advice
Holiday let mortgages are very different from other types of mortgages. The amount you can borrow is calculated differently, the restrictions and criteria are narrower and there are fewer lenders to turn to.
Having the right mortgage advisor on your side can really take a lot of the stress and hassle of the process out of the equation, but crucially it can also mean sometimes you’re able to obtain the finance that you didn’t think possible.
Mortgage applications can be a time-drain. Having an advisor that’s able to research the market quickly and accurately for you can save you time, hassle and money.
Why it’s so important to have the right type of mortgage
With an increasing number of holiday let properties on the market, there are undoubtedly some out there which don’t have the right type of mortgage on them. This is ultimately a breach of mortgage contract and if your existing lender finds out, they’re well within their rights to recall your mortgage.
The risks could include being added to a future mortgage-blacklist or having your current rate increased by way of a penalty. All outcomes you want to avoid!
The right type of finance allows you to get the most from your property.
About House and Holiday Home Mortgages
House and Holiday Home Mortgages are a family-run mortgage brokerage who help customers all over the country with their mortgage needs.
Working across the mortgage market, they help everyone from first-time buyers through to more serious property investors, including those in the holiday let space, which is the main speciality of the business.
Having started in the short-stay sector in 2015, the firm has grown to have a strong core set of advisers and brilliant administration support. All of this means that they’re able to provide first-class customer service, as demonstrated by their Trustpilot reviews.
They know the market inside and out and can give an accurate view as to what’s doable and what’s not.
There are only an estimated 30 holiday let lenders in the UK, so specialist advice and navigation of this marketplace and be a real blessing.
Why we recommend House and Holiday Home Mortgages
As a family-run business ourselves, we know how important it is to be passionate about what you do.
The House and Holiday Home Mortgages team have this in abundance, plus they really know their stuff when it comes to purchasing, remortgaging or even raising finance on holiday let properties. Holiday let mortgage rates are checked daily so the team are constantly updated ready to give the best advice to customers.
The holiday let pages on their website (https://hhhmortgages.com/holiday-let-mortgages/) have an ever-increasing amount of information to help you get the most from your property.
To help, we’ve negotiated £50 off their fees for you when you quote ‘Best of Exmoor’ when you’re speaking to them. They offer initial consultations without charge and their fees are only payable when they get you a suitable mortgage offer, so why not give them a try?!
Key contact information
01453 887179