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Mortgage for holiday let business
alexscoines
Posts: 27 Forumite
Hi,
We want to buy a holiday let business where you live in one of the houses, and rent out a couple of cottages on-site. I'm finding it difficult to find advice on what type of mortgage we would need and who to go to.
Any advice?
Thanks,
Alex
We want to buy a holiday let business where you live in one of the houses, and rent out a couple of cottages on-site. I'm finding it difficult to find advice on what type of mortgage we would need and who to go to.
Any advice?
Thanks,
Alex
0
Comments
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Commercial finance.
A commercial finance broker, finance house or clearing bank.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Have you got a good deposit? I think you will need about 25-30% deposit to find a lender who will do this.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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There are residential lenders that will do this in certain circumstances.
Have you identified a property?
Consult a broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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