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Holiday Let

Even before the coronavirus pandemic, the demand for UK holiday properties rose steadily, with many people seeking exciting opportunities as part of the staycation boom.

Whether you plan to invest in a characterful cottage in the Cornish countryside, wish to turn your second UK home into a holiday rental, or transform a tired property into a modern holiday let in a tourist hotspot to achieve high rental yields, you are not alone.

At Mortgage Store, we have seen demand for holiday let mortgages surge, and we have a wealth of experience in this sector. With the right holiday let mortgage, you can purchase a property that can be let out to holidaymakers, seasoned travellers, adventurers, and beach lovers whilst being able to personally use it as a holiday home each year.

We can help you navigate the booming holiday let market

What’s the difference between a holiday let and a buy to let?

A holiday let is a property that is let out to holidaymakers on a short-term basis (typically from several days to a few weeks). In contrast, a buy to let involves letting out a property for a minimum of six months or a year at a time.

Buy to let investments have long been seen as safer and more predictable because of the steady monthly income; however, with the demand rising for ‘staycations’, there are plenty of exciting opportunities in tourist destinations like coastal towns and rural areas. For example, if you could accelerate and maintain bookings for much of the year, you can potentially achieve a much higher return than you would letting your property out long-term.

Discover the true cost of your holiday let mortgage

As staycations surge, lenders are expanding their deals

Many mainstream and specialist lenders are introducing new competitive and flexible holiday let products to the market whilst continuously adjusting criteria.

At Mortgage Store, our mortgage brokers in Bedfordshire can help you navigate all areas of holiday home finance to find the most suitable deal, simplify the process of buying a holiday home. If you would like to learn more about us and how we can help you, please request your free initial appointment today.

Schedule an appointment with our holiday let advisers