Holiday Home Mortgages

Reading Time: 2 minutes

February 12, 2020

Share This Article!

Looking to take advantage of the increasingly popular ‘staycation’?

Whether you’re looking to purchase a holiday home for your own use or to earn money by letting it out you would be joining an increasingly popular market. ‘Staycations’ have been more attractive in recent years due to Brexit and the fall of the pound meaning more people are looking to benefit from this market.

How else can a holiday home benefit me?

Along with the growing market you are able to benefit from tax breaks not available if you buy a Buy to Let in your personal name, coming from deducitable holiday expenses, Capital Gains Tax relief, Small Business Rate Relief for Council tax and other ways you can help reduce you tax bill. On top of this, holiday lets are seen to return a better yield over traditional Buy to Lets.

How easy is it for me to get a mortgage for a holiday home?

Currently there aren’t a large number of lenders that are happy to lend money on this basis, however there are still lenders that can help and it is thought this market will grow over the next year.

For more information about how Smarter Mortgages can help you, get in contact with one of our brokers today.

Want to stay in the loop?

Subscribe To Receive The Latest News

Only useful news and advice will be delivered to your inbox.

Check out how we respect your Privacy here.