Today, there are various lenders who recognise this trend and there are more mortgage products are out there to help buyers realise this dream.
Which is where we can help.
At Smiths Financial, we are specialists in holiday let mortgages and have access to a wide panel of lenders who could have the right solution for you.
Crucial to this, we can help you calculate gross holiday let income and personal income to determine affordability of a holiday let mortgage, whether you are looking to invest in a property to boost your income or as a potential nest egg.
It’s worth considering that lenders have different eligibility criteria. Some might look at projected annual rental income, others, average rental based on high, medium and low seasonal rates, as confirmed in writing by a reputable holiday letting agency. But we can guide you through this.