Our Buy to Let products are the ideal solution for your clients' short term letting needs. With no AST required, we will consider short term lets, including Airbnb properties.
Income will be assessed on the basis of either six months' evidenced track record or proof that the applicant can service the interest from their personal income, so new properties can also be considered.
We worked with a broker whose client wanted to remortgage a holiday cottage in Penzance, Cornwall. The client was employed as a contractor and able to supply accounts for the holiday let. The property was valued at £625,000.
We lent £345,000 to redeem the outstanding balance of the existing mortgage and release equity to fund improvements. The client chose a product that enabled them to roll up the interest over the two year term.