Finding and securing the perfect mortgage as a self-employed person can be quite challenging, but this is exactly what our expert advisers do, day in, day out. Find out how our team can help you with a wide range of different mortgage products.
Commercial mortgage financing can be used to help your business purchase property, either to support its operational needs, or as an extra income stream. Find out how our advisers can help you find and secure the best financing to meet your needs.
Insurance products are a great way to protect against worse case scenarios, whether that be in ln life or business. Find out which products are available and how our expert advisers can help you secure the most suitable products for you.
Finding and securing the perfect mortgage as a self-employed person can be quite challenging, but this is exactly what our expert advisers do, day in, day out. Find out how our team can help you with a wide range of different mortgage products.
Commercial mortgage financing can be used to help your business purchase property, either to support its operational needs, or as an extra income stream. Find out how our advisers can help you find and secure the best financing to meet your needs.
Insurance products are a great way to protect against worse case scenarios, whether that be in ln life or business. Find out which products are available and how our expert advisers can help you secure the most suitable products for you.
Holiday let mortgages are different to buy-to-let or residential mortgages and, therefore, come with extra checks and a lower loan to value ratio, whether you are self-employed or not. The required deposit is likely to be between 25-40%, and the nearer to the top end you can afford, the better holiday let mortgage deal you will secure.
A holiday let mortgage can provide self-employed business owners with finance to fund the purchase of a holiday home or to re-mortgage, renovate or develop an existing holiday property. Holiday rentals can be a great investment opportunity, especially if the holiday home, though predominantly used by tourists, could also be enjoyed by you and your family.
Holiday let mortgages are different to buy-to-let or residential mortgages and, therefore, come with extra checks and a lower loan to value ratio, whether you are self-employed or not. The required deposit is likely to be between 25-40%, and the nearer to the top end you can afford, the better holiday let mortgage deal you will secure.
Holiday let mortgage affordability
The nature of holiday rentals is that income is seasonal and sporadic: less steady rental income than a landlord would receive with a tenant in a buy-to-let property. Although if the holiday rental is frequently booked, income can surpass that of longer-term rents.
Holiday let mortgage lenders will be looking at whether you can afford the repayments so will be very interested in your personal income and will want to look at your recent accounts. The lenders will want to ensure self-employed applicants will have enough income to cover any breaks in rentals or maintenance issues that may arise.
A holiday let mortgage lender will also want to see a projected holiday let rental assessment from an appropriate specialist, to predict the likelihood of rental income from the holiday let.
Holiday letting is becoming increasingly popular, but it is still a niche area for mortgages. Holiday let lenders tend to be specialised lenders, rather than the mainstream mortgage lenders.
Active Mortgages has extensive knowledge about how holiday lets work and how to find holiday let mortgage deals for our self-employed clients. We have established strong relationships with the key holiday let mortgage lenders, so can help you make your dreams of owning a holiday rental property a reality. Let us make it happen for you. Booking a consultation is easy, simply click to…
This review is long overdue - Active mortgages got us our dream home!
I spoke with around 7 different brokers from
different companies which didn’t know what they were talking about but then I found Simon at active - he was straight to the point and got us the best deal and the highest amount possible. I got a bit impatient at one point but that was due to the banks taking ages to process everything - active were calm and reassured us. Highly recommended. Excellent from start to finish
Even sent us a gift for Xmas - thank you!
Meena Kanagavel
2 January 2024
Jamie Murray from Active Mortgages has been amazing in setting up the VAT loan, whilst we purchased our Land. Right from the start, Jamie has been proactive in finding the correct (BEST) deals for us and ensured everyone is aligned to complete on time.
Highly recommend using Active Mortgages, and we would certainly be using them again for future projects.Thanks once again Jamie for all your support throughout Dec, appreciate your efforts in making sure our purchase was done on time. Many thanks
Meena (and Mark Jones)
Stefan Stancila
21 December 2023
Comprehensive advice from Jamie & easy communication through remortgage process . Recommend!
Yasmin Bates
20 December 2023
Jamie has made the whole process of buying a house very straightforward, especially for self employed. Would 100% recommend and would use again too!
Gerard
19 December 2023
Good experience, helped us every step of the way.
darren john coggins
12 December 2023
Dan has been great from start to finish. As a first time buyer it can be quite overwhelming and confusing but Dan has went above and beyond. His process was very easy, efficient and we could not recommend him enough!
FUNMI AKINLAMI
7 December 2023
Excellent service, hard working staff
akinlami akinwale
7 December 2023
Excellent service, very patient and willing to help staff
Michael Bennett
5 December 2023
Dan has been great from the first phone call. He has made everything simple and taken the time to explain everything to me as a first time buyer, answering any questions I have along the way, highly recommend
james whitaker
31 October 2023
Great professional service highly recommended for anything financial
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