Holiday Let Mortgages
- We are a fee free mortgage brokerage. We do not charge our customers for any advice we are purely paid by the lender on completion.
- We work with dozens of lenders including the high street banks and can compare their deals for you, always with your best interest at heart.
- We take away the stress and uncertainty of applying directly with a lender who may not have the most suitable deal for you.
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Gary has been providing advice to clients on their mortgage needs for over 10 years. He has extensive experience in providing advice and recommendation on all types of mortgage including high net worth purchases, new build purchases, self-employed, contractor and adverse credit. Clients working with Gary can expect a straight-forward honest and highly personalised service.
Gary Boakes
Director and Mortgage advisor
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A Holiday Let Mortgage is taken out on a property that is then let on a seasonal basis and used for holiday rental. It is similar to a Buy to Let mortgage except the maximum amount that a lender will permit is not based on a regular income but uses an average of the rates charged during high, mid and low season.
Holiday Let Mortgages can usually be set up on either an interest only basis or a capital and interest basis however some lenders may require the borrower to have a minimum additional personal income.
Within this sector the seasonal nature of the income, along with other factors such as possible higher levels of unoccupancy during low season, can make lending much more complex. For this reason, many lenders impose stricter criteria for those looking for a Holiday Let Mortgage. These do vary by lender but could include requiring applicants to own their own home, be over the age of 21 and have a minimum deposit.
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We take away the stress and uncertainty of applying directly with a lender who may not have the most suitable deal for you.
Warning Text
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
HOLIDAY LET MORTGAGES ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
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FAQs
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How can I book an initial meeting?
You email us at office@verve-financial.com, call us on 0330 320 5048 or fill in the contact form.
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Do you take a percentage or are your fees fixed?
We offer a range of fee options, including hourly, percentage and fixed fees. Our fee is usually agreed after the initial discovery meeting and prior to any work being undertaken.
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Do you get commission?
For mortgage and protection products only.
