buy to let mortgage

vegtablepatch

Hello Board members.
I am hoping to buy a holiday home on a managed site with a net return in the early years of about 3.5% per annum. I have a deposit of 50%. and a small mortgage on my own home that I prefer not to increase. I need a mortgage using the Holiday home as security which will also take the letting income into account as my income. Can anyone point me in the right direction for brokers/ banks who will consider buy to let please?
Any help or advice will be much appreciated.
Thanks.

herbiesjp

What is the purchase price?

vegtablepatch

Purchase price is £135,000. 997 years remaining
on a 999 lease. It is a property on a commercial holiday site so has to be treated as a holiday home not residential but does have 52 week occupancy.

herbiesjp

Do you have any other BTL properties?

I think you would need to discuss this scenario with a mortgage adviser, as there may well be a few options available to you - but as ever it will depend on what your current circumstances are.

vegtablepatch

Thanks Herbies. Yes we have one other, smaller, property on the same site purchased 2 years ago and financed by a mortgage on our main residence. I am unsure which m. advisors can help with holiday site property.