A holiday rental mortgage with an 80% loan to value-is possible. For further details you require before applying, continue reading.
What Are The Current Rates?
At the time of writing, interest rates begin at 4.5% (6% APR), and the mortgages will have a loan-to-value( LTV) ratio of up to 80%.
All applicants must already own at least one other buy-to-let property and the property for which the loan application is being made can only be used for holiday let mortgages or Airbnb mortgage purposes in order to be eligible for this opportunity.
However, prospective buyers should be aware that the maximum amount offered will be based on calculating the Airbnb property's potential rental income as if it were rented out under a traditional assured shorthold tenancy (AST).
The lenders which consider this type of loan are:
Hodge Bank
Vernon BS
Market Harborough
CHL Mortgages
MFS
