Project details
Securing a Holiday Let Mortgage
Subject
Holiday Let Mortgage
Client
Mr & Mrs Ratcliffe
Date
11 Jun, 2024
Turn Your Dream Getaway into a Profitable Investment
Invest in your ideal escape, with a mortgage designed to make holiday letting effortless and rewarding.
A client came to Breeze Financial Solutions seeking a holiday let mortgage for a coastal property they wanted to purchase as an investment. They were unsure about the specific requirements for this type of mortgage and needed expert guidance to navigate the unique criteria, including affordability calculations based on projected rental income rather than personal earnings.
After understanding their financial situation and the potential rental income of the property, we identified suitable lenders offering competitive holiday let mortgage products. We guided the client through the application process, helping them prepare the necessary documentation, including income projections and rental assessments.
By leveraging our expertise and industry connections, we successfully secured a mortgage deal that met the client’s needs, allowing them to purchase the property and start their holiday let business. Our client was thrilled to achieve their investment goals with confidence, thanks to our tailored advice and seamless handling of the process.
Contact Us
Chestnut House, 65a Friar Gate, Derby DE1 1DJ
Office Hours
Monday – Friday: 9.00am – 5.00pm
Breeze Financial Solutions Limited is an Appointed Representative of Mortgage Force (UK) Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA FRN: 578152
Registered Office: Stirling House Church Road Wombourne Wolverhampton WV5 9DJ. Registered in England & Wales Number: 07920887
Important Considerations
Your home or property may be repossessed if you DO NOT keep up repayments on your mortgage or other loans secured upon it.
Consider your options carefully before securing other debts against your home. While extending the repayment period may lower your monthly payments, it could result in a higher total interest cost over the life of the loan.
There may be a fee for arranging your mortgage. The actual amount you pay will depend upon your circumstances. We will inform you how much this will be after the initial discussion. The fee may be up to 1% of the mortgage amount with £195 payable on application and the balance on completion.
Some mortgage deals such as Buy to Lets, Commercial and Development finance are non-regulated mortgages, and the protection afforded to regulated mortgages does not apply. Ask your adviser for more details as to how this may affect you.