| Property | Three-bedroom house near the coast |
|---|---|
| Location | Wells-next-the-Sea, Norfolk |
| Client | Landlord converting a long-term let into a holiday let |
| Product | Holiday let mortgages |
The challenge
The house had a standard buy-to-let mortgage, which did not allow holiday letting. The client needed the correct mortgage in place before taking the first guest bookings.
What we did
We arranged a remortgage onto a holiday let product, supported by income projections from a local agency. We checked local planning and council tax rules for short-term lets so the client knew the costs. The timing was arranged around the outgoing tenant's notice period.
The outcome
The new mortgage completed before the first bookings, so the property was let on the right terms.
Holiday let mortgagesMortgages for short-term and holiday lets, including furnished cottages and city serviced lets.
Learn moreImportant: Most buy-to-let mortgages are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments, and a receiver of rent may be appointed.