Mortgages

Home Counties Mortgage Services specialise in arranging mortgtages on United Kingdom holiday homes. Unfortunately the number of lenders who can help you with your purchase is limited with typically no more than half a dozen holiday let lenders currently operating in the market.

Each of these lenders have their own quite distinct and different lending policies and quite simply we will match up your individual circusmstances and profile to the lending policy of the individual lender. The current maximum advance is 75% loan to value. Most clients fund their deposit either through savings or by releasing equity in their residential property.

Lenders will assess your application based on two main criteria namely :

1. Your Individual status taking into account occupation, income and outgoings.
2. The likely annual rental income for your property which depending on the individual mortgage lender we approach should equate to between 130% and 150% of the annual mortgage interest charge

Interest rates will vary depending upon the individual circumstances of your application.

To find out how much you can borrow please call to speak to one of our advisers on 01494 680700, or request a call-back.

• The value of a property is generally a matter of opinion and the true value may not be recognised until the property is sold. It may be difficult to sell or realise the value of property in adverse market conditions
• Borrowers will still be responsible for maintaining the payment of any mortgage in the event that the property is not rented out and therefore may wish to make suitable provision for this event.
• We suggest you seek legal advice and advice on tax issues before purchasing a property for this purpose.
• Past performance is not a guide to future performance. The value of property investments and income from them can go down as well as up and investors may not get back the amount originally invested.

Your home and property may be repossessed if you do not keep up repayments on your mortgage.

Your home and property may be repossessed if you do not keep up repayments on your mortgage.

email:homecounties@btinternet.com

Home Counties Mortgage Services is authorised and regulated by the Financial Services Authority.

We are entered on the FSA register No 434190 at www.fsa.gov.uk/register

The Financial Services Authority does not regulate some aspects of Holiday Let Mortgages

Registered in England under Company number 5050127.
Registered address: Eskdale, The Common, Holmer Green, Bucks.HP15 6TD.
Tel : 01494 680700

The guidance contained in this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

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