Can I get a mortgage for a holiday home?
Yes you are able to get a mortgage to buy a holiday home or second home.
The type of mortgage you need will depend on how you intend to use the holiday home:
JUST A HOLIDAY HOME
A second home mortgage or holiday home mortgage will be suitable for this. The property will be predominantly used by your family and friends but may have the occassional paying guest.
MAINLY A HOLIDAY LET
If the main aim of the property is for it to be let out to paying guests then you will need a holiday let mortgage. These lenders will be happy for you to let the property out all year round. Fortunately, they also won’t mind if your family use it once in a while.
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.