Holiday Lets / Airbnb

Letting property on a short-term basis using sites such as Air bnb is becoming increasingly more popular, whether this is a room in your own home or an investment property we understand the importance of making sure you have the right mortgage in place.

Benefits of

Holiday lets / Air bnb

Attractive Rental Yields

One of the significant advantages of Holiday Lets / Air bnb properties is their potential for high rental yields. Popular tourist destinations in the UK often experience strong demand for short-stay accommodation, allowing investors to charge premium rates during peak seasons and generate substantial rental income.

Personal Use

Unlike standard buy-to-let properties, Holiday Lets / Air bnb properties provide owners with the flexibility to use the property for personal vacations. This means you can enjoy your investment and experience the benefits of having a holiday home while also generating rental income when you’re not using it.

Tax Advantages

Holiday let properties in the UK enjoy certain tax advantages compared to traditional buy-to-let investments. For instance, owners of furnished holiday let properties can benefit from capital allowances on furnishings and equipment, as well as eligibility for Business Property Relief (BPR) for inheritance tax purposes.

Potential for Capital Appreciation

Investing in a holiday let property located in a desirable location can offer the potential for long-term capital appreciation. Areas with strong tourism and limited supply often experience property value growth, providing an additional benefit to investors.

Considerations for Holiday Let / Air BnB Mortgages

Location and Demand

Choosing the right location is paramount for a successful holiday let investment. Consider areas with strong tourist demand, appealing attractions, good transport links, and a thriving local economy. Conduct thorough research and analyse historical occupancy rates and rental demand before committing to a specific location.

Mortgage Lenders

Experienced holiday let mortgage providers understand the nuances of this market and can offer tailored mortgage solutions to meet your needs.

Rental Income Assessment

Mortgage lenders will typically assess the potential rental income of the property to determine the affordability of the mortgage. They may require supporting documentation, such as historical rental income statements or an assessment from a holiday let management company, to validate the income projections.

Property Management

Managing a holiday let property can be time-consuming, especially if you live far from the property or have multiple investments. Consider engaging the services of a reputable holiday let management company to handle bookings, guest communications, housekeeping, and property maintenance. This can help streamline operations and maximise rental income potential.

Case Studies

We have a client who renovated a property and split it into two Air BnB flats. We were able to find a lender who would consider the low, medium and high season rent rather than the AST value. This meant the client was able to secure a larger mortgage for his property.

Our Approach

There are so many Brokers in the market, what makes
Your Mortgage Consultants different?

First charge regulated mortgages – We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.

Second charge regulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.

BTL & CBTL unregulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.

Please note that our recommendations with respect to Buy to Let are restricted to helping you arrange a suitable mortgage. We will not advise you about whether or not the property you plan to buy and let out to tenants, will turn out to be a sound investment.

Insurance – We will provide advice and make a personal recommendation for you after we have assessed your need sand circumstances. We provide an intermediary service and act on your behalf.

Mortgages – We are not limited in the range of mortgages we will consider and offer advice on for you with respect to first and second charge regulated mortgage contracts for both business and non-business purposes, as well as unregulated BTL and CBTL mortgage contracts. In circumstances where you are looking to increase existing borrowing, the following options, on which we may not be able to advise, may be more appropriate: A further advance from your existing lender. An unsecured loan.

Insurance – We recommend products based on a fair and personal analysis for term assurance, critical illness, income protection, family income and non-profit whole of life

Other Services

There are so many Brokers in the market, what makes Your Mortgage Consultants different?

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