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Holiday Let & Holiday Home Mortgages
To 85% Loan to Value
Limited Companies & LLPs
No Experience Needed
Mixed Holiday Let & Personal Use
Multi-Unit / Non Standard Properties
Step 1
Enquire Online
Step 2
Speak to an Advisor
STEP 3
We'll arrange the mortgage
Step 1
Enquire Online
Step 2
Speak to an Advisor
STEP 3
We'll arrange the mortgage
Holiday Let Mortgages
It was quite an easy decision to make….the run of the mill mortgage brokers really were not going to be able to help me on this one. I would recommend Capital Fortune to any one asking and I do so too. Joe Crosby, Golders Green
Capital Fortune are experts in helping with Holiday Let Mortgages.
Holiday let mortgages can often be complex, given the vast array of lender criteria in regards to period of occupation, location, deposit and rental requirements. Some clients tell us they are frustrated, as many lenders will not consider more modern methods of holiday lettings, such as AirBnB.
Many of our clients tell us that although they can earn a much higher income letting the property on a daily or weekly basis, many lenders will only assess an application based on the traditional Assured Shorthold Tenancy agreement (AST.)
We have also been told that many holiday let lenders have strict restrictions on the amount they will lend, the deposit required or high personal income requirements. Some customers tells us they are annoyed that most lenders will not consider their individual circumstances and the true rental potential of the property.
Capital Fortune appreciate the ambiguities and difficulties in this area and work to provide an appropriate solution. This includes taking a much more holistic approach of the potential rental yield, along with using client’s own income to top this up.
The lenders we work with are flexible with property types and will consider both your traditional seafront holiday let, to a city centre apartment. They can help all over the UK, including the Scottish Isles.
We can further help with more specialist properties and structures. This includes non-standard properties with multiple lettable units. We can also help if you choose to purchase in the name of a limited company.
If you are a looking for a holiday let mortgage, contact us today!
Capital Fortune are a blessing…I feel like I’ve got the best rate on the market and a very personable and friendly service.
Reuben, South London, SE27
We regularly place clients with these requirements. Holiday let applications do often require a greater degree of negotiation with national lenders, the underwriters, their panel surveyors and property valuers. Clients appreciate there is a limitation on the number of lenders in this specialist market and they understand the fact that many do not openly advertise their available products direct to customers. They appreciate that many lenders offering mortgages on holiday let properties have a significant number of restrictions, not only on the letting period, but also have stringent requirements on both the rental achievable and/or the client’s own earned income.
They arranged a re-mortgage for us…. which was unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage I’ve taken out.
RH, Stanmore
Clients making contact with us in similar situations, typically tell us of their frustration at the current restrictions on holiday let mortgages. They usually have an appropriate income and will receive additional supplementary holiday let earnings to support the mortgage. They usually have a healthy deposit for a purchase or significant equity to undertake a re-mortgage. They do not understand why the vast majority of lenders will not consider their individual circumstances or why they have been inappropriately advised to obtain a standard buy to let mortgage, when such mortgages require the property to be let on a minimum 6 month tenancy agreement.
We are now on our second mortgage with Capital Fortune and recommend them to friends and family.
EHB, London
As a comprehensive panel of lenders broker in this area, we know our lenders and lending criteria. Importantly, we appreciate the ambiguities and difficulties in this area of UK lending and work to provide an appropriate solution. We regularly assist clients with mainstream and complex finance and we are UK specialists in arranging mortgages for clients with non standard requirements.
We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won a national industry award for Excellence in Treating Customers Fairly. A number of our clients watched us on BBC TV Newsnight and supported our shortlist nomination for Best Broker Prime and Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards and British Mortgage Awards respectively.
There are three stages to our award winning process:
1
Indicative Rate
Typically clients using the service, tell us they want to discuss their current situation and take us through any difficulties they may have. We can quickly give an indication as to the feasibility of what they are looking to do, undertake detailed research on the potential rates, confirm we can safely assist and importantly, express how we operate.
2
Approval in Principle
This stage involves completing a 45 minute Mortgage Fact Find questionnaire over the phone to fully assess needs and requirements. Once complete, we undertake research across a comprehensive panel of lenders to recommend the right mortgage. A detailed illustration is provided which we will take you through. If you are happy with the illustration we will then request documents from you to support the application. On receipt of the documents we will obtain formal approval in principle from the lender.
3
Mortgage Application
We will apply for the mortgage on your behalf, submit the necessary documentation and liaise with the lender to obtain your mortgage offer.
We still appreciate however, we are not right for everyone and typically we best assist clients
With non-standard/non-traditional requirements;
That are time pressed and need the most competitive and quick results; or
That just need an independent guiding hand through the minefield of products to obtain them the most competitive deal and to assist them through all the complexities within the mortgage process.
We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice.
For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Rates are updated daily and can be withdrawn at anytime without notice by lenders.”
Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.
Commercial Mortgages and some forms Buy to Let mortgages are not regulated by the Financial Conduct Authority.
Brilliant Team
By: Alistair Bates
James and the whole team where absolutely fantastic. My case was not straightforward, however, they ....
For service - Mortgage to assist with: REASON_BTL_REMORTGAGE
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