Furnished Holiday Let Mortgages

With this type of mortgage, you would be able to rent out your property on a daily or weekly basis rather than on an 6 months Assured Shorthold Tenancy basis which is insisted on by the lenders if you rent your property out as a Buy to Let.


Depending on the area your property is in, you could achieve up to 3 times the income you currently receive as a buy to let if your property was rented out up to 90% of the year to holiday makers etc.

The other benefit to a Furnished Holiday Let is that you can still offset the mortgage interest paid against your rental income and therefore only pay tax on the net amount.

For Buy to Let mortgages, this will not be the case as from April 2017 when this benefit will gradually be fazed out over a number of years and will result eventually on you only receiving a basic rate tax credit instead of receiving tax relief at your highest rate. This is a huge concern to most property landlords and therefore might be a solution to this problem.

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