| If you are buying a property in the UK, in most | | | | holiday properties. They are a great place for you |
| cases you will be looking to borrow money in the | | | | to spend a holiday as well as can pay for |
| form of a mortgage. However, there are many | | | | themselves if you let it out. Lots of people also |
| types of UK property mortgages, and it is | | | | see their holiday home as retirement fund, a |
| important that you get the one most suitable for | | | | property that would have paid for itself by the |
| you. | | | | time they come to give up work. |
| Suitability does not just mean the monthly cost | | | | Because buying a holiday home in the UK has |
| (though of course this is a major consideration) | | | | increased in popularity with us Brits, this demand |
| but the type of UK property mortgage most | | | | has seen a better choice of relevant mortgages |
| suitable will depend on what the property will be | | | | develop. This means that it is in your favour to |
| used for. | | | | get the best deal and the right advice. |
| We are probably all familiar with residential | | | | There are a select number of specialist mortgage |
| mortgages which are for people who are using | | | | intermediaries who can give you sound and |
| the property as their home, and commercial | | | | knowledgeable advice on which mortgage is right |
| mortgages which are where you borrow money | | | | for you as well the all-important advice on making |
| for company premises. | | | | the most of your holiday property. For example, |
| And if you are a landlord, you will have a | | | | there can be many tax breaks from having a |
| traditional buy-to-let where you rent out the | | | | holiday let, but only if you do it right! |
| property to a tenant. | | | | UK property mortgages - especially those for |
| But what about mortgages for holiday homes? | | | | holiday homes - can help you realise your dreams |
| These are something completely different and it | | | | whether it is having a pure investment property; |
| makes sense to see a specialist lender when | | | | a holiday home; or a retirement home by the sea. |
| considering purchasing and getting a mortgage on | | | | Just do your homework first and get specialist |
| a UK holiday home property. | | | | advice before committing. |
| More and more people are now investing in | | | | |