Can a limited company take out a holiday let mortgage?
Yes it is possible for a limited company to take out a holiday let mortgage.
However, lenders prefer not to grant mortgages to a trading limited company. ie one that runs as an active business already.
So a new type of company will need to be set up. This is called a Special Purpose Vehicle or SPV Company and is commonly used for purchasing and holding investment properties.
- Holiday Let Mortgages for Limited Companies
- How To Buy a Holiday Home
- What is a holiday let mortgage?
- Holiday let mortgage deposits
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.