The Holiday Let market continues to create opportunities for landlords looking to diversify their portfolios. As demand for Holiday Let properties grows, brokers need a lender that understands the unique requirements of this specialist sector.
At Foundation, they take a specialist approach to Holiday Let lending, helping you place more business with confidence and keep cases moving, making mortgages happen.
Why Foundation makes a difference:
- Holiday Lets accepted within SPVs: They accept Holiday Let properties held within Special Purpose Vehicles (SPVs), using the same criteria as their standard Buy to Let cases, helping support a broader range of landlord structures.
- Flexible approach to affordability: They can use an average of high, medium and low holiday rental income figures from established earnings (for remortgages) or reputable letting agency forecasts (for purchases), calculated over 39 weeks, providing a practical way to assess affordability and helping more cases progress.
- Support for individual and limited company borrowers: Whether your client is purchasing personally or through a limited company, Foundation can help.
- Consideration of typical UK staycation destinations: They consider Holiday Let applications in popular UK holiday hotspots, helping support a wider range of property locations.
Got a Holiday Let case to discuss?
At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.
All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.
*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.
📱 0161 962 7800
📧 info@3-mc.com
🌐 www.3-mc.com
Please feel free to sign up to our Free Weekly Newsletter.