Mixed Use & Multi-Unit Holiday Lets

Finance to purchase or remortgage upto 75% LTV

Most holiday lets comprise of just a single residential property. A house, or flat or cottage perhaps.

However, there is also a different type of holiday let property – the mixed use and multi-unit holiday let.

What is a Mixed Use Holiday Let?

Mixed use means that the owner (you) lives permanently in part of the property and then rents out other parts as short-term lets or holiday lets.

Think of a large house that may have a self contained annexe.

What is a Multi-Unit Holiday Let?

Unsurprisingly, this is a single freehold title that has more than one building or dwelling that are commercially used as holiday lets.

So a large farmhouse with several converted barns or outbuildings for example.

What Mortgages are Available?

Mortgage finance is readily available but this tends not to be from the standard High Street types of lenders and most loan applications are considered on a case by case basis.

We find this is an advantage as we have access to the specialist mortgage underwriters and we can discuss your situation with them and pre-agree what is possible prior to applying. Yes the decisions are made by real people, not a computer!

We can arrange mortgages upto 75% loan to value (LTV) for purchase or remortgage. Applications are acceptable from individual/s, a partnership or limited company/SPV. The mortgage repayment method can be interest only or capital and interest.

The mortgage finance for these type of holiday let properties, particularly multi-unit properties, is mainly provided by commercial or specialist lenders operating in the hospitality/short-term letting markets.

Multiple holiday units on one title or properties across split titles, can all be financed.

Ready to chat? Please give us a call on 020 8301 7930

75% LTV

LTD CO. SPV

INTEREST ONLY

EXPERT ADVICE

The Good News is …

That we have lots of experience with these types of cases.

We have long established relationships with holiday let lenders who are happy to consider applications for mixed use, multi-units or both!

Why use Drake?

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commercial mortgages

Holiday Park Finance

Commercial finance suitable for freehold holiday parks.

Funds available for site owners to purchase, develop, refurb, refinance and expand.

holiday park finance

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Excellent service from end to end in securing our Holiday Let Mortgage where other brokers had failed. Highly recommended.

Phil Entwistle

I have enjoyed the benefits of extending my property portfolio with the advice from Norman Phillips and his team. I always trust their solutions and let them deliver the financial strategies needed.

Nicholas Thompson

Wimbledon
We had a fantastic experience with Drake Mortgages. My partner and I are first time buyers and both pretty clueless so it was really helpful to have Kerry Santucci explaining the different features of different mortgages and finding the best one for us. Thoroughly recommend her and the rest of the team at Drake Mortgages.

Mark Whitgift

I highly recommend this company! Kerry and her team were fantastically quick, courteous and efficient in securing us the best possible deal and very patient and polite when answering many enquires. Save yourself a headache and give them a call.

Liam Kirwan

I have enjoyed the benefits of extending my property portfolio with the advice from Norman Phillips and his team. I always trust their solutions and let them deliver the financial strategies needed.

Nicholas Thompson

Wimbledon
The mortgage on our holiday let flat completed last week. Thank you both for your help with this, I appreciate all your efforts.

Wayne

Basingstoke, Hampshire RG21