Holiday Let Mortgages
Caledonian Global Group is an established mortgage brokerage that provides borrowers with access to lenders offering holiday let mortgages. We source from a wide range of lenders to find the right product for your needs.
A Holiday Let Mortgage is a type of loan specifically designed for purchasing or refinancing properties intended to be rented out as short-term holiday accommodation.
The loan amount typically depends on the property’s value, its seasonal rental income potential, and your financial profile. Lenders often offer up to 75% of the property’s value.
Holiday Let Mortgages usually offer repayment terms ranging from 5 to 25 years, with options for interest-only or capital repayment, depending on the lender.
Holiday Let Mortgages usually offer repayment terms ranging from 5 to 25 years, with options for interest-only or capital repayment, depending on the lender.
Yes, as long as the property meets the lender's criteria and is in a location likely to attract tourists or short-term renters, it may qualify for a Holiday Let Mortgage
The process for securing a Holiday Let Mortgage usually takes 3-5 weeks, depending on the lender’s requirements and the property’s details